109 Lake Warren DrMonmouthIL61462
Nearby investment properties with comparable rents
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
Rental property for sale in Monmouth at 109 Lake Warren Dr, Monmouth, IL, 61462 priced at $150,000 converts $884/mo rent into after a $734/mo obligation. Total monthly income equals $884/mo. Return on cash invested prints 14.6% in year one, and rental yield reads 7.07% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 75.89% and total cumulative return in cash sums $37,734. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $884/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.38 Acres lot
$N/A/sqft
$765 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Annette C Thompson • Western Illinois Realty LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1033767
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.