304 W Chestnut StMason CityIL62664
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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 Mason City at 304 W Chestnut St, Mason City, IL, 62664 uses $79,560 cash to close to unlock $2,784/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $1,897/mo, and a $1,175/mo payment keeps the spread at $232/mo. Purchase price stands at $240,000, and rental yield measures 9.49% with $1,897/mo rent. Return on cash invested shows 23.41% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 122.57% and total cumulative return in cash records $97,514. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,897/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1924
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62664, Mason City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,289 (100%) |
| Owner Occupied HU | 893 (69.3%) |
| Renter Occupied HU | 221 (17.1%) |
| Vacant Housing Units | 175 (13.6%) |
| Median Home Value | $108,512 |
| Average Home Value | $122,251 |
Housing Distribution
Address Breakdown
Residential
1,178
Single Family
1,178
Multi-Family
0
Businesses
91
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Listed by: Seth A Goodman • ME Realty
Mls Name: RMLS Alliance
Mls ID: #CA1038295