130 S State StMendonIL62351
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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 Mendon at 130 S State St, Mendon, IL, 62351 uses $58,013 cash to close to unlock $4,208/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $1,565/mo, and a $857/mo payment keeps the spread at $351/mo. Purchase price stands at $175,000, and rental yield measures 10.73% with $1,565/mo rent. Return on cash invested shows 27.16% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 142.74% and total cumulative return in cash records $82,807. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,565/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62351, Mendon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 531 (72.0%) |
| Renter Occupied HU | 125 (17.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $149,826 |
| Average Home Value | $185,989 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
695
Multi-Family
0
Businesses
32
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Listed by: Janet Arns • Happel, Inc., REALTORS
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1036706
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.