6326 1st 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 6326 1st St, Loves Park, IL, 61111 uses $58,013 cash to close to unlock $5,624/yr annual cash flow and $469/mo monthly cash flow. Total monthly income runs $1,683/mo, and a $857/mo payment keeps the spread at $469/mo. Purchase price stands at $175,000, and rental yield measures 11.54% with $1,683/mo rent. Return on cash invested shows 29.6% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 155.83% and total cumulative return in cash records $90,403. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,683/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1950
9,147 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: Zil Huma • Keller Williams Realty Signature
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12545979