1608 S 24th 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 1608 S 24th St, Quincy, IL, 62301 earns $95/mo cash flow from $1,042/mo rent with a $668/mo payment. Total monthly income totals $1,042/mo, and annual cash flow totals $1,144/yr on $45,250 capital. ROI tracks 22.44% on current figures, and rental yield reads 9.16% at a $136,500 purchase. Equity gained on principal adds $881/yr, and 5% annual appreciation supports $37,712 over five years. Five-year ROI reaches 117.44% and total cumulative return in cash sums $53,139. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,042/mo property income instead of your personal income.
Single Family
Built in N/A
4,791 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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