3321 State StQuincyIL62301
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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 Quincy at 3321 State St, Quincy, IL, 62301 offers a 9.6% rental yield on a $179,500 purchase with $1,436/mo rent. Total monthly income registers $1,436/mo, and a $879/mo payment leaves $191/mo available for distribution. Annual cash flow reaches $2,286/yr on $59,504 to close, and return on cash invested stands at 23.75% in year one. Equity gained on principal adds $1,158/yr while 5% annual appreciation supports $49,593 over five years. Portfolio math shows five-year ROI at 124.45% and total cumulative return in cash at $74,056. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,436/mo property income against a $879/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62301, Quincy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,397 (100%) |
| Owner Occupied HU | 8,347 (54.2%) |
| Renter Occupied HU | 5,101 (33.1%) |
| Vacant Housing Units | 1,949 (12.7%) |
| Median Home Value | $140,293 |
| Average Home Value | $168,944 |
Housing Distribution
Address Breakdown
Residential
14,221
Single Family
13,255
Multi-Family
966
Businesses
1,299
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