11968 E Goshen Meadows RdMount VernonIL62864
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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
Total monthly income runs $931/mo, and a $1,590/mo payment. Purchase price stands at $324,900, and rental yield measures 3.44% with $931/mo rent. Return on cash invested shows 5.18% in year one, and 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 24.82% and total cumulative return in cash records $26,729. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $931/mo property income covering a $1,590/mo payment rather than investor’s personal income.
Single Family
Built in 1979
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62864, Mount Vernon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,134 (100%) |
| Owner Occupied HU | 6,771 (60.8%) |
| Renter Occupied HU | 3,058 (27.5%) |
| Vacant Housing Units | 1,305 (11.7%) |
| Median Home Value | $132,704 |
| Average Home Value | $163,466 |
Housing Distribution
Address Breakdown
Residential
10,370
Single Family
9,654
Multi-Family
716
Businesses
1,259
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Listed by: Andrea B Baker • King City Property Brokers
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB458636
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