1116 Washington StQuincyIL62301
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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 Quincy at 1116 Washington St, Quincy, IL, 62301 earns $705/mo cash flow from $1,568/mo rent with a $609/mo payment. Total monthly income totals $1,568/mo, and annual cash flow totals $8,458/yr on $41,272 capital. ROI tracks 40.4% on current figures, and rental yield reads 15.11% at a $124,500 purchase. Equity gained on principal adds $803/yr, and 5% annual appreciation supports $34,397 over five years. Five-year ROI reaches 213.72% and total cumulative return in cash sums $88,204. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,568/mo property income instead of your personal income.
Single Family
Built in 1930
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62301, Quincy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,397 (100%) |
| Owner Occupied HU | 8,347 (54.2%) |
| Renter Occupied HU | 5,101 (33.1%) |
| Vacant Housing Units | 1,949 (12.7%) |
| Median Home Value | $140,293 |
| Average Home Value | $168,944 |
Housing Distribution
Address Breakdown
Residential
14,221
Single Family
13,255
Multi-Family
966
Businesses
1,299
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Listed by: Sherry Hills • Happel, Inc., REALTORS
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1033240
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.