207 N 8th StMount VernonIL62864
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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 Mount Vernon at 207 N 8th St, Mount Vernon, IL, 62864 uses $36,299 cash to close to unlock $833/yr annual cash flow and $69/mo monthly cash flow. Total monthly income runs $829/mo, and a $536/mo payment keeps the spread at $69/mo. Purchase price stands at $109,500, and rental yield measures 9.08% with $829/mo rent. Return on cash invested shows 22.2% in year one, and 5% annual appreciation builds toward $30,253 over five years. Five-year ROI reaches 116.2% and total cumulative return in cash records $42,179. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $829/mo property income covering a $536/mo payment rather than investor’s personal income.
Single Family
Built in 1930
4,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62864, Mount Vernon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,134 (100%) |
| Owner Occupied HU | 6,771 (60.8%) |
| Renter Occupied HU | 3,058 (27.5%) |
| Vacant Housing Units | 1,305 (11.7%) |
| Median Home Value | $132,704 |
| Average Home Value | $163,466 |
Housing Distribution
Address Breakdown
Residential
10,370
Single Family
9,654
Multi-Family
716
Businesses
1,259
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Listed by: Lisa McKinney • C21 All Pro Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB460627