602 E Nimintz AveLewistownIL61542
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Lewistown at 602 E Nimintz Ave, Lewistown, IL, 61542 offers a 9.37% rental yield on a $149,900 purchase with $1,170/mo rent. Total monthly income registers $1,170/mo, and a $734/mo payment leaves $130/mo available for distribution. Annual cash flow reaches $1,559/yr on $49,692 to close, and return on cash invested stands at 23.05% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 120.64% and total cumulative return in cash at $59,951. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,170/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61542, Lewistown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,749 (100%) |
| Owner Occupied HU | 1,086 (62.1%) |
| Renter Occupied HU | 386 (22.1%) |
| Vacant Housing Units | 277 (15.8%) |
| Median Home Value | $128,538 |
| Average Home Value | $202,569 |
Housing Distribution
Address Breakdown
Residential
1,578
Single Family
1,458
Multi-Family
120
Businesses
116
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