998 2nd StLomaxIL61454
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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 Lomax at 998 2nd St, Lomax, IL, 61454 uses $82,875 cash to close to unlock $1,699/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $1,876/mo, and a $1,224/mo payment keeps the spread at $142/mo. Purchase price stands at $250,000, and rental yield measures 9% with $1,876/mo rent. Return on cash invested shows 21.96% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 114.85% and total cumulative return in cash records $95,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,876/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61454, Lomax, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 378 (100%) |
| Owner Occupied HU | 259 (68.5%) |
| Renter Occupied HU | 78 (20.6%) |
| Vacant Housing Units | 41 (10.8%) |
| Median Home Value | $102,616 |
| Average Home Value | $129,363 |
Housing Distribution
Address Breakdown
Residential
155
Single Family
155
Multi-Family
0
Businesses
12
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Listed by: Eric Little • Crossroads Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1215978
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.