302 W 6th St SMount OliveIL62069
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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
Rental property for sale in Mount Olive at 302 W 6th St S, Mount Olive, IL, 62069 offers $1,514/mo rent that, after a $930/mo payment, leaves $196/mo cash flow. Total monthly income is $1,514/mo, and annual cash flow is $2,353/yr on $62,985 cash. Return on cash invested measures 23.64% in year one, and rental yield stands at 9.56% at a $190,000 entry. Equity gained on principal adds $1,226/yr while 5% annual appreciation compounds into $52,494 by year five. Five-year ROI records 123.93% and total cumulative return in cash reaches $78,060. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,514/mo property income versus a $930/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.64 Acres 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
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Listed by: Mike Mihelcic • RE/MAX Alliance
Mls Name: MARIS
Mls Provider:
Mls ID: #25009831
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