3 Morfey CtMonticelloIL61856
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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 Monticello at 3 Morfey Ct, Monticello, IL, 61856 uses $42,764 cash to close to unlock $1,711/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $1,037/mo, and a $631/mo payment keeps the spread at $143/mo. Purchase price stands at $129,000, and rental yield measures 9.65% with $1,037/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 125.32% and total cumulative return in cash records $53,593. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,037/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61856, Monticello, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,471 (100%) |
| Owner Occupied HU | 2,665 (76.8%) |
| Renter Occupied HU | 586 (16.9%) |
| Vacant Housing Units | 220 ( 6.3%) |
| Median Home Value | $218,269 |
| Average Home Value | $250,692 |
Housing Distribution
Address Breakdown
Residential
3,379
Single Family
3,206
Multi-Family
173
Businesses
337
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Listed by: Julie Huisinga • RE/MAX REALTY ASSOC-MONTICELLO
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12480634