1020 E Detroit AveMonmouthIL61462
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Nearby investment properties with comparable prices
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 Monmouth at 1020 E Detroit Ave, Monmouth, IL, 61462 at $155,000 posts ROI 58.9% with $1,670/mo cash flow from $2,904/mo rent. Total monthly income equals $2,904/mo, and annual cash flow records $20,036/yr on $51,383 to close. Return on cash invested measures 58.9% and rental yield reads 22.48% at the current $155,000. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 by year five. Five-year ROI prints 314.31% and total cumulative return in cash totals $161,500.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,904/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1957
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61462, Monmouth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,818 (100%) |
| Owner Occupied HU | 3,039 (63.1%) |
| Renter Occupied HU | 1,128 (23.4%) |
| Vacant Housing Units | 651 (13.5%) |
| Median Home Value | $112,163 |
| Average Home Value | $161,049 |
Housing Distribution
Address Breakdown
Residential
4,397
Single Family
4,029
Multi-Family
368
Businesses
399
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