827 Old Springfield RdLovingtonIL61937
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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
Rental property for sale in Lovington at 827 Old Springfield Rd, Lovington, IL, 61937 offers $1,938/mo rent that, after a $891/mo payment, leaves $675/mo cash flow. Total monthly income is $1,938/mo, and annual cash flow is $8,105/yr on $60,333 cash. Return on cash invested measures 33.34% in year one, and rental yield stands at 12.78% at a $182,000 entry. Equity gained on principal adds $1,174/yr while 5% annual appreciation compounds into $50,283 by year five. Five-year ROI records 175.92% and total cumulative return in cash reaches $106,137. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,938/mo property income versus a $891/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61937, Lovington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 851 (100%) |
| Owner Occupied HU | 580 (68.2%) |
| Renter Occupied HU | 173 (20.3%) |
| Vacant Housing Units | 98 (11.5%) |
| Median Home Value | $109,722 |
| Average Home Value | $145,069 |
Housing Distribution
Address Breakdown
Residential
559
Single Family
559
Multi-Family
0
Businesses
38
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