1400 N 12th StQuincyIL62301
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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 Quincy at 1400 N 12th St, Quincy, IL, 62301 uses $43,095 cash to close to unlock $1,663/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $1,040/mo, and a $636/mo payment keeps the spread at $139/mo. Purchase price stands at $130,000, and rental yield measures 9.6% with $1,040/mo rent. Return on cash invested shows 23.77% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 124.53% and total cumulative return in cash records $53,667. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,040/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1945
6,330 sqft 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
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