23 Meadow DrMonticelloIL61856
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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
Total monthly income runs $1,470/mo, and a $1,933/mo payment. Purchase price stands at $394,900, and rental yield measures 4.47% with $1,470/mo rent. Return on cash invested shows 8.27% in year one, and 5% annual appreciation builds toward $109,104 over five years. Five-year ROI reaches 41.43% and total cumulative return in cash records $54,239. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,470/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Single Family
Built in 2025
7,200 sqft 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: John Frerichs • KELLER WILLIAMS-TREC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12408687