240 S Monmouth StGood HopeIL61438
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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 Good Hope at 240 S Monmouth St, Good Hope, IL, 61438 earns $396/mo cash flow from $1,290/mo rent with a $631/mo payment. Total monthly income totals $1,290/mo, and annual cash flow totals $4,747/yr on $42,764 capital. ROI tracks 31.01% on current figures, and rental yield reads 12% at a $129,000 purchase. Equity gained on principal adds $832/yr, and 5% annual appreciation supports $35,640 over five years. Five-year ROI reaches 163.37% and total cumulative return in cash sums $69,865. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,290/mo property income instead of your personal income.
Single Family
Built in 1955
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61438, Good Hope, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 331 (100%) |
| Owner Occupied HU | 260 (78.5%) |
| Renter Occupied HU | 41 (12.4%) |
| Vacant Housing Units | 30 ( 9.1%) |
| Median Home Value | $148,077 |
| Average Home Value | $251,990 |
Housing Distribution
Address Breakdown
Residential
216
Single Family
216
Multi-Family
0
Businesses
18
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