3312 E Tower RdQuincyIL62305
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Nearby investment properties with comparable prices
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 Quincy at 3312 E Tower Rd, Quincy, IL, 62305 at $338,000 posts ROI 39.6% with $1,839/mo cash flow from $4,183/mo rent. Total monthly income equals $4,183/mo, and annual cash flow records $22,067/yr on $112,047 to close. Return on cash invested measures 39.6% and rental yield reads 14.85% at the current $338,000. Equity gained on principal adds $2,181/yr, and 5% annual appreciation supports $93,383 by year five. Five-year ROI prints 209.42% and total cumulative return in cash totals $234,650.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,183/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1990
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62305, Quincy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,511 (100%) |
| Owner Occupied HU | 6,567 (77.2%) |
| Renter Occupied HU | 1,393 (16.4%) |
| Vacant Housing Units | 551 ( 6.5%) |
| Median Home Value | $233,541 |
| Average Home Value | $257,294 |
Housing Distribution
Address Breakdown
Residential
8,078
Single Family
7,857
Multi-Family
221
Businesses
647
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Listed by: Karissa Russell • Bower & Associates, Inc., REALTORS
Mls Name: Quincy AOR
Mls Provider:
Mls ID: #203596
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.