1617 Cherry 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 1617 Cherry St, Quincy, IL, 62301 with 5% annual appreciation on a $129,000 basis while $1,053/mo rent supports operations. Total monthly income totals $1,053/mo and a $631/mo payment preserves $159/mo for cash returns. Annual cash flow comes to $1,903/yr on $42,764 deployed, and return on cash invested reaches 24.36% in year one. Equity gained on principal adds $832/yr, and five-year appreciation sums $35,640 alongside rental yield of 9.8%. Five-year ROI measures 127.71% and total cumulative return in cash totals $54,613.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,053/mo property income versus a $631/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
7,405 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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Listed by: Kelly Little • Farlow Real Estate Experts
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1031650
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.