214 E William StMonticelloIL61856
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Nearby investment properties with comparable prices
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 214 E William St, Monticello, IL, 61856 priced at $155,000 pairs $1,219/mo rent with $144/mo cash flow after a $759/mo payment. Total monthly income equals $1,219/mo, and annual cash flow comes to $1,722/yr on $51,383 invested. Return on cash invested is 23.26% in year one, and rental yield stands at 9.44% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 121.87% and total cumulative return in cash reaches $62,620. For financing, Ziffy Mortgage’s DSCR program evaluates $1,219/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.25 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: Kyle Koester • KELLER WILLIAMS-TREC-MONT
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12517223