10 Edgewood RdMount VernonIL62864
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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 Mount Vernon at 10 Edgewood Rd, Mount Vernon, IL, 62864 with 5% annual appreciation on a $162,900 basis while $1,638/mo rent supports operations. Total monthly income totals $1,638/mo and a $797/mo payment preserves $508/mo for cash returns. Annual cash flow comes to $6,101/yr on $54,001 deployed, and return on cash invested reaches 31.21% in year one. Equity gained on principal adds $1,051/yr, and five-year appreciation sums $45,006 alongside rental yield of 12.07%. Five-year ROI measures 164.46% and total cumulative return in cash totals $88,812.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,638/mo property income versus a $797/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62864, Mount Vernon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,134 (100%) |
| Owner Occupied HU | 6,771 (60.8%) |
| Renter Occupied HU | 3,058 (27.5%) |
| Vacant Housing Units | 1,305 (11.7%) |
| Median Home Value | $132,704 |
| Average Home Value | $163,466 |
Housing Distribution
Address Breakdown
Residential
10,370
Single Family
9,654
Multi-Family
716
Businesses
1,259
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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