102 8th AveMendotaIL61342
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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 Mendota at 102 8th Ave, Mendota, IL, 61342 listed at $174,000 pairs $1,338/mo rent with a $852/mo payment to leave $131/mo cash flow. Total monthly income runs $1,338/mo, and annual cash flow reaches $1,569/yr on $57,681 cash to close. Return on cash invested measures 22.63% in year one, and rental yield registers 9.23% at a $174,000 basis. Equity gained on principal adds $1,123/yr, and annual property appreciation at 5% supports $48,073 by year five. Five-year ROI tracks 118.4% and total cumulative return in cash totals $68,297. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,338/mo property income relative to a $852/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61342, Mendota, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,792 (100%) |
| Owner Occupied HU | 2,433 (64.2%) |
| Renter Occupied HU | 998 (26.3%) |
| Vacant Housing Units | 361 ( 9.5%) |
| Median Home Value | $155,860 |
| Average Home Value | $206,099 |
Housing Distribution
Address Breakdown
Residential
3,544
Single Family
3,292
Multi-Family
252
Businesses
320
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