6538 Commonwealth DrLoves ParkIL61111
Nearby investment properties with comparable rents
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
Investment Highlights
Investment property for sale in Loves Park at 6538 Commonwealth Dr, Loves Park, IL, 61111 uses $53,040 cash to close to unlock $5,536/yr annual cash flow and $461/mo monthly cash flow. Total monthly income runs $1,571/mo, and a $783/mo payment keeps the spread at $461/mo. Purchase price stands at $160,000, and rental yield measures 11.78% with $1,571/mo rent. Return on cash invested shows 30.35% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 159.87% and total cumulative return in cash records $84,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,571/mo property income covering a $783/mo payment rather than investor’s 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Noah Meyer • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202506822