6320 John StLoves ParkIL61111
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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 Loves Park at 6320 John St, Loves Park, IL, 61111 uses $65,803 cash to close to unlock $1,341/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $1,489/mo, and a $972/mo payment keeps the spread at $112/mo. Purchase price stands at $198,500, and rental yield measures 9% with $1,489/mo rent. Return on cash invested shows 21.95% in year one, and 5% annual appreciation builds toward $54,842 over five years. Five-year ROI reaches 114.77% and total cumulative return in cash records $75,521. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,489/mo property income covering a $972/mo payment rather than investor’s personal income.
Single Family
Built in 1955
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61111, Loves Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,578 (100%) |
| Owner Occupied HU | 6,876 (65.0%) |
| Renter Occupied HU | 3,248 (30.7%) |
| Vacant Housing Units | 454 ( 4.3%) |
| Median Home Value | $166,525 |
| Average Home Value | $191,823 |
Housing Distribution
Address Breakdown
Residential
10,594
Single Family
10,170
Multi-Family
424
Businesses
1,016
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Listed by: Larry Petry • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202506692