3104 Cherry StMount VernonIL62864
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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 Vernon at 3104 Cherry St, Mount Vernon, IL, 62864 generates $1,356/mo in rent and, after a $830/mo payment, leaves $180/mo in cash flow. Total monthly income is $1,356/mo, and annual cash flow is $2,159/yr on $56,189 invested. Return on cash invested sits at 23.75% in year one, and rental yield is 9.6% on a $169,500 entry. Equity gained on principal adds $1,094/yr, while 5% annual appreciation builds toward $46,830 over five years. Five-year ROI reaches 124.42% and total cumulative return in cash sums $69,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,356/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
8,712 sqft 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
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Listed by: Lisa D McKinney • C21 All Pro Real Estate
Mls Name: RMLS Alliance
Mls ID: #EB459516