71 Lake DrTroyIL62294
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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 Troy at 71 Lake Dr, Troy, IL, 62294 earns $2/mo cash flow from $1,867/mo rent with a $1,316/mo payment. Total monthly income totals $1,867/mo, and annual cash flow totals $24/yr on $89,140 capital. ROI tracks 19.94% on current figures, and rental yield reads 8.33% at a $268,900 purchase. Equity gained on principal adds $1,735/yr, and 5% annual appreciation supports $74,292 over five years. Five-year ROI reaches 103.94% and total cumulative return in cash sums $92,656. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,867/mo property income instead of your personal income.
Single Family
Built in 1962
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62294, Troy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,266 (100%) |
| Owner Occupied HU | 4,801 (76.6%) |
| Renter Occupied HU | 1,178 (18.8%) |
| Vacant Housing Units | 287 ( 4.6%) |
| Median Home Value | $288,039 |
| Average Home Value | $330,237 |
Housing Distribution
Address Breakdown
Residential
6,258
Single Family
6,098
Multi-Family
160
Businesses
360
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