404 4th StMendotaIL61342
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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 Mendota at 404 4th St, Mendota, IL, 61342 offers a 9.55% rental yield on a $115,000 purchase with $915/mo rent. Total monthly income registers $915/mo, and a $563/mo payment leaves $117/mo available for distribution. Annual cash flow reaches $1,406/yr on $38,123 to close, and return on cash invested stands at 23.6% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 123.7% and total cumulative return in cash at $47,157. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $915/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61342, Mendota, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,792 (100%) |
| Owner Occupied HU | 2,433 (64.2%) |
| Renter Occupied HU | 998 (26.3%) |
| Vacant Housing Units | 361 ( 9.5%) |
| Median Home Value | $155,860 |
| Average Home Value | $206,099 |
Housing Distribution
Address Breakdown
Residential
3,544
Single Family
3,292
Multi-Family
252
Businesses
320
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