2829 N 23rd StQuincyIL62305
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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 Quincy at 2829 N 23rd St, Quincy, IL, 62305 listed at $232,000 pairs $1,920/mo rent with a $1,136/mo payment to leave $310/mo cash flow. Total monthly income runs $1,920/mo, and annual cash flow reaches $3,724/yr on $76,908 cash to close. Return on cash invested measures 24.75% in year one, and rental yield registers 9.93% at a $232,000 basis. Equity gained on principal adds $1,497/yr, and annual property appreciation at 5% supports $64,097 by year five. Five-year ROI tracks 129.83% and total cumulative return in cash totals $99,851. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,920/mo property income relative to a $1,136/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62305, Quincy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,511 (100%) |
| Owner Occupied HU | 6,567 (77.2%) |
| Renter Occupied HU | 1,393 (16.4%) |
| Vacant Housing Units | 551 ( 6.5%) |
| Median Home Value | $233,541 |
| Average Home Value | $257,294 |
Housing Distribution
Address Breakdown
Residential
8,078
Single Family
7,857
Multi-Family
221
Businesses
647
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