2050 Broadway 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 2050 Broadway St, Quincy, IL, 62301 offers $856/mo rent that, after a $535/mo payment, leaves $75/mo cash flow. Total monthly income is $856/mo, and annual cash flow is $896/yr on $36,230 cash. Return on cash invested measures 22.38% in year one, and rental yield stands at 9.4% at a $109,290 entry. Equity gained on principal adds $705/yr while 5% annual appreciation compounds into $30,195 by year five. Five-year ROI records 117.4% and total cumulative return in cash reaches $42,533. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $856/mo property income versus a $535/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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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