2719-2721 E 1050th StMendonIL62351
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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 Mendon at 2719-2721 E 1050th St, Mendon, IL, 62351 listed at $207,900 pairs $1,709/mo rent with a $1,018/mo payment to leave $267/mo cash flow. Total monthly income runs $1,709/mo, and annual cash flow reaches $3,198/yr on $68,919 cash to close. Return on cash invested measures 24.55% in year one, and rental yield registers 9.86% at a $207,900 basis. Equity gained on principal adds $1,342/yr, and annual property appreciation at 5% supports $57,439 by year five. Five-year ROI tracks 128.75% and total cumulative return in cash totals $88,732. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,709/mo property income relative to a $1,018/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1903
3.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62351, Mendon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 531 (72.0%) |
| Renter Occupied HU | 125 (17.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $149,826 |
| Average Home Value | $185,989 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
695
Multi-Family
0
Businesses
32
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Listed by: Kelly Little • Farlow Real Estate Experts
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035647
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.