1400 Meriden StMendotaIL61342
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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 Mendota at 1400 Meriden St, Mendota, IL, 61342 generates $1,633/mo in rent and, after a $661/mo payment, leaves $696/mo in cash flow. Total monthly income is $1,633/mo, and annual cash flow is $8,357/yr on $44,752 invested. Return on cash invested sits at 38.58% in year one, and rental yield is 14.52% on a $134,999 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 204.03% and total cumulative return in cash sums $91,308. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,633/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61342, Mendota, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,792 (100%) |
| Owner Occupied HU | 2,433 (64.2%) |
| Renter Occupied HU | 998 (26.3%) |
| Vacant Housing Units | 361 ( 9.5%) |
| Median Home Value | $155,860 |
| Average Home Value | $206,099 |
Housing Distribution
Address Breakdown
Residential
3,544
Single Family
3,292
Multi-Family
252
Businesses
320
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