2045 Chestnut 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
Rental property for sale in Quincy at 2045 Chestnut St, Quincy, IL, 62301 priced at $119,500 converts $913/mo rent into $84/mo cash flow after a $585/mo obligation. Total monthly income equals $913/mo, and annual cash flow totals $1,008/yr on $39,614 invested. Return on cash invested prints 22.45% in year one, and rental yield reads 9.17% against a $119,500 entry. Equity gained on principal adds $771/yr, while 5% annual appreciation compiles into $33,016 by year five. Five-year ROI reaches 117.61% and total cumulative return in cash sums $46,590. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $913/mo property income covering a $585/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,098 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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