E 1500th AveNewtonIL62448
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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 Newton at E 1500th Ave, Newton, IL, 62448 priced at $220,000 pairs $887/mo rent with after a $1,077/mo payment. Total monthly income equals $887/mo. Return on cash invested is 9.39% in year one, and rental yield stands at 4.84% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 47.42% and total cumulative return in cash reaches $34,583. For financing, Ziffy Mortgage’s DSCR program evaluates $887/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62448, Newton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,596 (100%) |
| Owner Occupied HU | 1,912 (73.7%) |
| Renter Occupied HU | 416 (16.0%) |
| Vacant Housing Units | 268 (10.3%) |
| Median Home Value | $139,157 |
| Average Home Value | $205,139 |
Housing Distribution
Address Breakdown
Residential
2,513
Single Family
2,454
Multi-Family
59
Businesses
257
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