619 Knollwood DrSpartaIL62286
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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 Sparta at 619 Knollwood Dr, Sparta, IL, 62286 listed at $259,900 pairs $660/mo rent with a $1,272/mo payment. Total monthly income runs $660/mo. Return on cash invested measures 3.99% in year one, and rental yield registers 3.05% at a $259,900 basis. Equity gained on principal adds $1,677/yr, and annual property appreciation at 5% supports $71,806 by year five. Five-year ROI tracks 18.51% and total cumulative return in cash totals $15,946. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $660/mo property income relative to a $1,272/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62286, Sparta, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,840 (100%) |
| Owner Occupied HU | 1,735 (61.1%) |
| Renter Occupied HU | 676 (23.8%) |
| Vacant Housing Units | 429 (15.1%) |
| Median Home Value | $145,807 |
| Average Home Value | $178,012 |
Housing Distribution
Address Breakdown
Residential
2,512
Single Family
2,427
Multi-Family
85
Businesses
289
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Listed by: Amber Skinner • Property Peddler, Inc
Mls Name: MARIS
Mls Provider:
Mls ID: #24061445
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