1229 S Park TerQuincyIL62301
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 1229 S Park Ter, Quincy, IL, 62301 in Quincy: $1,826/mo in rent, $446/mo in net income, 11.01% gross yield, 2.04 DSCR, all at $199,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $54,980 in appreciation and $1,833/yr in principal paydown projects total cumulative return of $104,790.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.5% |
| Monthly Cash Flow | $446 | $300 |
City averages based on Quincy market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,826 |
| Total Monthly Debt Service | $1,301 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
0.29 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
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
Single Family
Built in N/A
0.29 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Mast • Davis & Associates, REALTORS
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035734
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.