1 Morfey CtMonticelloIL61856
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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 Monticello at 1 Morfey Ct, Monticello, IL, 61856 offers a 8.09% rental yield on a $325,000 purchase with $2,191/mo rent. 2% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 100.04% and total cumulative return in cash at $107,785. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,191/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61856, Monticello, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,471 (100%) |
| Owner Occupied HU | 2,665 (76.8%) |
| Renter Occupied HU | 586 (16.9%) |
| Vacant Housing Units | 220 ( 6.3%) |
| Median Home Value | $218,269 |
| Average Home Value | $250,692 |
Housing Distribution
Address Breakdown
Residential
3,379
Single Family
3,206
Multi-Family
173
Businesses
337
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Listed by: Kyle Koester • KELLER WILLIAMS-TREC-MONT
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12506594