629 N State Highway 128LakewoodIL62438
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 629 N State Highway 128, Lakewood, IL, 62438 in Lakewood is priced for capital growth, not immediate cash flow. The $158,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $43,901 by year five, with $1,463/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 5.2% |
| Monthly Cash Flow | $0 | $1,500 |
City averages based on Lakewood market data in our database. Property projections are estimates.
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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
