1208 Plum AveMount 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
Investment property for sale in Mount Vernon at 1208 Plum Ave, Mount Vernon, IL, 62864 uses $75,416 cash to close to unlock $3,606/yr annual cash flow and $301/mo monthly cash flow. Total monthly income runs $1,878/mo, and a $1,114/mo payment keeps the spread at $301/mo. Purchase price stands at $227,500, and rental yield measures 9.91% with $1,878/mo rent. Return on cash invested shows 24.69% in year one, and 5% annual appreciation builds toward $62,854 over five years. Five-year ROI reaches 129.49% and total cumulative return in cash records $97,658. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,878/mo property income covering a $1,114/mo payment rather than investor’s personal income.
Single Family
Built in 1983
0.32 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: Cynthia A Bevis • King City Property Brokers
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB458907
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-21 03:07:45 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)