1946 Elmwood Dr EQuincyIL62301
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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 1946 Elmwood Dr E, Quincy, IL, 62301 uses $60,002 cash to close to unlock $6,545/yr annual cash flow and $545/mo monthly cash flow. Total monthly income runs $1,801/mo, and a $886/mo payment keeps the spread at $545/mo. Purchase price stands at $181,000, and rental yield measures 11.94% with $1,801/mo rent. Return on cash invested shows 30.82% in year one, and 5% annual appreciation builds toward $50,007 over five years. Five-year ROI reaches 162.37% and total cumulative return in cash records $97,423. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,801/mo property income covering a $886/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.37 Acres 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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