6538 Commonwealth Dr #0Loves 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 6538 Commonwealth Dr #0, Loves Park, IL, 61111 earns $131/mo cash flow from $1,241/mo rent with a $783/mo payment. Total monthly income totals $1,241/mo, and annual cash flow totals $1,576/yr on $53,040 capital. ROI tracks 22.88% on current figures, and rental yield reads 9.31% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 119.8% and total cumulative return in cash sums $63,542. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,241/mo property income instead of your personal income.
Condo
Built in 2004
N/A 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: Noah Meyer • Dickerson & Nieman Realtors - Rockford
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12509856