13 Monroe AveSalemIL62881
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
Investment Highlights
Investment property for sale in Salem at 13 Monroe Ave, Salem, IL, 62881 with 5% annual appreciation on a $220,000 basis while $2,070/mo rent supports operations. Total monthly income totals $2,070/mo and a $1,077/mo payment preserves $544/mo for cash returns. Annual cash flow comes to $6,526/yr on $72,930 deployed, and return on cash invested reaches 28.86% in year one. Equity gained on principal adds $1,420/yr, and five-year appreciation sums $60,782 alongside rental yield of 11.29%. Five-year ROI measures 151.79% and total cumulative return in cash totals $110,699.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,070/mo property income versus a $1,077/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62881, Salem, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,931 (100%) |
| Owner Occupied HU | 3,300 (66.9%) |
| Renter Occupied HU | 1,177 (23.9%) |
| Vacant Housing Units | 454 ( 9.2%) |
| Median Home Value | $119,093 |
| Average Home Value | $157,119 |
Housing Distribution
Address Breakdown
Residential
4,702
Single Family
4,462
Multi-Family
240
Businesses
492
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices