2908 Jamison BlvdMount VernonIL62864
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2908 Jamison Blvd, Mount Vernon, IL, 62864 in Mount Vernon is a top-tier cash-flow asset. At $170,000 it produces $1,692/mo in rent and $513/mo in net monthly income, a 11.94% gross rental yield. The DSCR of 2.21 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $6,154. Five-year appreciation adds $46,968, driving a total cumulative return of $98,052.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 7.0% |
| Monthly Cash Flow | $513 | $300 |
City averages based on Mount Vernon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,692 |
| Total Monthly Debt Service | $1,112 |
| DSCR Ratio | 1.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
0.28 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
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
Single Family
Built in 1965
0.28 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian L Wood, GRI • Cross Davidson Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12560886