331 Fairground StMount SterlingIL62353
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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 Sterling at 331 Fairground St, Mount Sterling, IL, 62353 offers a 10.89% rental yield on a $132,500 purchase with $1,202/mo rent. Total monthly income registers $1,202/mo, and a $649/mo payment leaves $282/mo available for distribution. Annual cash flow reaches $3,390/yr on $43,924 to close, and return on cash invested stands at 27.63% in year one. Equity gained on principal adds $855/yr while 5% annual appreciation supports $36,607 over five years. Portfolio math shows five-year ROI at 145.28% and total cumulative return in cash at $63,812. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,202/mo property income against a $649/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62353, Mount Sterling, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,699 (100%) |
| Owner Occupied HU | 1,091 (64.2%) |
| Renter Occupied HU | 372 (21.9%) |
| Vacant Housing Units | 236 (13.9%) |
| Median Home Value | $157,093 |
| Average Home Value | $173,680 |
Housing Distribution
Address Breakdown
Residential
1,569
Single Family
1,506
Multi-Family
63
Businesses
168
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Listed by: Lance Grady • LG Realty
Mls Name: Quincy AOR
Mls Provider:
Mls ID: #203778
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.