334 E South StMendonIL62351
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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 Mendon at 334 E South St, Mendon, IL, 62351 priced at $139,900 pairs $1,059/mo rent with $88/mo cash flow after a $685/mo payment. Total monthly income equals $1,059/mo, and annual cash flow comes to $1,060/yr on $46,377 invested. Return on cash invested is 22.2% in year one, and rental yield stands at 9.08% on a $139,900 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,652 by year five. Five-year ROI measures 116.13% and total cumulative return in cash reaches $53,859. For financing, Ziffy Mortgage’s DSCR program evaluates $1,059/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62351, Mendon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 531 (72.0%) |
| Renter Occupied HU | 125 (17.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $149,826 |
| Average Home Value | $185,989 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
695
Multi-Family
0
Businesses
32
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Listed by: Tracy Schutte • Bower & Associates, Inc., REALTORS
Mls Name: Quincy AOR
Mls Provider:
Mls ID: #203885
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