1635 Chestnut StQuincyIL62301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1635 Chestnut St, Quincy, IL, 62301 uses $62,620 cash to close to unlock $2,224/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $1,496/mo, and a $925/mo payment keeps the spread at $185/mo. Purchase price stands at $188,900, and rental yield measures 9.5% with $1,496/mo rent. Return on cash invested shows 23.46% in year one, and 5% annual appreciation builds toward $52,190 over five years. Five-year ROI reaches 122.94% and total cumulative return in cash records $76,983. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,496/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1935
6,180 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices