1033 E Boston AveMonmouthIL61462
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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 Monmouth at 1033 E Boston Ave, Monmouth, IL, 61462 priced at $144,900 converts $1,778/mo rent into $730/mo cash flow after a $709/mo obligation. Total monthly income equals $1,778/mo, and annual cash flow totals $8,761/yr on $48,034 invested. Return on cash invested prints 38.15% in year one, and rental yield reads 14.72% against a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation compiles into $40,033 by year five. Five-year ROI reaches 202.11% and total cumulative return in cash sums $97,081. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,778/mo property income covering a $709/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.31 Acres 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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Listed by: Robin Bell • Currents and Keys Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261439
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