6998 Lakeshore View DrRushvilleIL62681
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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 Rushville at 6998 Lakeshore View Dr, Rushville, IL, 62681 offers a 11.8% rental yield on a $419,500 purchase with $4,124/mo rent. Total monthly income registers $4,124/mo, and a $2,053/mo payment leaves $1,215/mo available for distribution. Annual cash flow reaches $14,574/yr on $139,064 to close, and return on cash invested stands at 30.39% in year one. Equity gained on principal adds $2,707/yr while 5% annual appreciation supports $115,900 over five years. Portfolio math shows five-year ROI at 160.02% and total cumulative return in cash at $222,534. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,124/mo property income against a $2,053/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62681, Rushville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,416 (100%) |
| Owner Occupied HU | 1,589 (65.8%) |
| Renter Occupied HU | 455 (18.8%) |
| Vacant Housing Units | 372 (15.4%) |
| Median Home Value | $120,109 |
| Average Home Value | $152,086 |
Housing Distribution
Address Breakdown
Residential
2,190
Single Family
2,159
Multi-Family
31
Businesses
227
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Listed by: Courtney Newton • LG Realty
Mls Name: Quincy AOR
Mls Provider:
Mls ID: #203554
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.