1697 N State StMonticelloIL61856
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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
Rental property for sale in Monticello at 1697 N State St, Monticello, IL, 61856 generates $1,470/mo in rent, after a $1,356/mo payment. Total monthly income is $1,470/mo. Return on cash invested sits at 14.01% in year one, and rental yield is 6.37% on a $277,000 entry. Equity gained on principal adds $1,787/yr, while 5% annual appreciation builds toward $76,530 over five years. Five-year ROI reaches 72.21% and total cumulative return in cash sums $66,303. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,470/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61856, Monticello, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,471 (100%) |
| Owner Occupied HU | 2,665 (76.8%) |
| Renter Occupied HU | 586 (16.9%) |
| Vacant Housing Units | 220 ( 6.3%) |
| Median Home Value | $218,269 |
| Average Home Value | $250,692 |
Housing Distribution
Address Breakdown
Residential
3,379
Single Family
3,206
Multi-Family
173
Businesses
337
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Listed by: Tony Piraino • Brinkoetter REALTORS
Mls Name: CIBR
Mls Provider:
Mls ID: #6251399
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.