629 N State Highway 128LakewoodIL62438
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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 Lakewood at 629 N State Highway 128, Lakewood, IL, 62438 listed at $158,900 pairs $0/mo rent with a $778/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -5.21% in year one, and rental yield registers 0% at a $158,900 basis. Equity gained on principal adds $1,025/yr, and annual property appreciation at 5% supports $43,901 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $778/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1994
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62438, Lakewood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 156 (100%) |
| Owner Occupied HU | 124 (79.5%) |
| Renter Occupied HU | 11 ( 7.1%) |
| Vacant Housing Units | 21 (13.5%) |
| Median Home Value | $315,942 |
| Average Home Value | $281,129 |
Housing Distribution
Address Breakdown
Residential
138
Single Family
138
Multi-Family
0
Businesses
1
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