1101 3rd 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 1101 3rd Ave, Mendota, IL, 61342 uses $46,079 cash to close to unlock $1,070/yr annual cash flow and $89/mo monthly cash flow. Total monthly income runs $1,053/mo, and a $680/mo payment keeps the spread at $89/mo. Purchase price stands at $139,000, and rental yield measures 9.09% with $1,053/mo rent. Return on cash invested shows 22.23% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 116.35% and total cumulative return in cash records $53,612. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,053/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,969 sqft 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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