3112 Lime AveMount 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
Investment property for sale in Mount Vernon at 3112 Lime Ave, Mount Vernon, IL, 62864 uses $64,643 cash to close to unlock $4,966/yr annual cash flow and $414/mo monthly cash flow. Total monthly income runs $1,766/mo, and a $954/mo payment keeps the spread at $414/mo. Purchase price stands at $195,000, and rental yield measures 10.87% with $1,766/mo rent. Return on cash invested shows 27.59% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 145.03% and total cumulative return in cash records $93,754. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,766/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.31 Acres 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: Brian Wood • Cross Davidson Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB458444