400 W Collins 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
Investment property for sale in Mendon at 400 W Collins St, Mendon, IL, 62351 earns $518/mo cash flow from $2,044/mo rent with a $1,077/mo payment. Total monthly income totals $2,044/mo, and annual cash flow totals $6,214/yr on $72,930 capital. ROI tracks 28.43% on current figures, and rental yield reads 11.15% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 149.53% and total cumulative return in cash sums $109,055. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,044/mo property income instead of your personal income.
Single Family
Built in 2000
0.79 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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