301 E 3rd North StMount OliveIL62069
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 301 E 3rd North St, Mount Olive, IL, 62069 in Mount Olive is priced for capital growth, not immediate cash flow. The $174,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $48,322 by year five, with $1,611/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.0% |
| Monthly Cash Flow | $0 | $400 |
City averages based on Mount Olive market data in our database. Property projections are estimates.
Single Family
Built in 1940
6,050 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62069, Mount Olive, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,628 (100%) |
| Owner Occupied HU | 1,178 (72.4%) |
| Renter Occupied HU | 248 (15.2%) |
| Vacant Housing Units | 202 (12.4%) |
| Median Home Value | $135,577 |
| Average Home Value | $174,041 |
Housing Distribution
Address Breakdown
Residential
1,394
Single Family
1,384
Multi-Family
10
Businesses
67
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1940
6,050 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62069, Mount Olive, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,628 (100%) |
| Owner Occupied HU | 1,178 (72.4%) |
| Renter Occupied HU | 248 (15.2%) |
| Vacant Housing Units | 202 (12.4%) |
| Median Home Value | $135,577 |
| Average Home Value | $174,041 |
Housing Distribution
Address Breakdown
Residential
1,394
Single Family
1,384
Multi-Family
10
Businesses
67
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Michael A Bellovich • RE/MAX Alliance
Mls Name: MARIS
Mls ID: #25075195