1620 Spruce 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 1620 Spruce St, Quincy, IL, 62301 at $115,000 posts ROI 22.37% with $78/mo cash flow from $876/mo rent. Total monthly income equals $876/mo, and annual cash flow records $938/yr on $38,123 to close. Return on cash invested measures 22.37% and rental yield reads 9.14% at the current $115,000. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 by year five. Five-year ROI prints 117.12% and total cumulative return in cash totals $44,649.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $876/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1961
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: Michael Norris • Happel, Inc., REALTORS
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1034034
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.