2704 Cherry StMount VernonIL62864
Nearby investment properties with comparable rents
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 Mount Vernon at 2704 Cherry St, Mount Vernon, IL, 62864 offers $1,546/mo rent that, after a $668/mo payment, leaves $600/mo cash flow. Total monthly income is $1,546/mo, and annual cash flow is $7,194/yr on $45,217 cash. Return on cash invested measures 35.82% in year one, and rental yield stands at 13.6% at a $136,400 entry. Equity gained on principal adds $880/yr while 5% annual appreciation compounds into $37,685 by year five. Five-year ROI records 189.19% and total cumulative return in cash reaches $85,544. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,546/mo property income versus a $668/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.34 Acres 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: Rochelle V Bond • King City Property Brokers
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB457890
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-23 00:57:59 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)