129 E Main StMount SterlingIL62353
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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
Rental property for sale in Mount Sterling at 129 E Main St, Mount Sterling, IL, 62353 offers $2,197/mo rent that, after a $1,466/mo payment, leaves $120/mo cash flow. Total monthly income is $2,197/mo, and annual cash flow is $1,434/yr on $99,284 cash. Return on cash invested measures 21.35% in year one, and rental yield stands at 8.8% at a $299,500 entry. Equity gained on principal adds $1,933/yr while 5% annual appreciation compounds into $82,746 by year five. Five-year ROI records 111.58% and total cumulative return in cash reaches $110,783. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,197/mo property income versus a $1,466/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62353, Mount Sterling, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,699 (100%) |
| Owner Occupied HU | 1,091 (64.2%) |
| Renter Occupied HU | 372 (21.9%) |
| Vacant Housing Units | 236 (13.9%) |
| Median Home Value | $157,093 |
| Average Home Value | $173,680 |
Housing Distribution
Address Breakdown
Residential
1,569
Single Family
1,506
Multi-Family
63
Businesses
168
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Listed by: Lance Grady • LG Realty
Mls Name: RMLS Alliance
Mls ID: #CA1038377