405 W 3rd North StMount OliveIL62069
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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 Mount Olive at 405 W 3rd North St, Mount Olive, IL, 62069 generates $1,607/mo in rent and, after a $893/mo payment, leaves $341/mo in cash flow. Total monthly income is $1,607/mo, and annual cash flow is $4,097/yr on $60,499 invested. Return on cash invested sits at 26.68% in year one, and rental yield is 10.57% on a $182,500 entry. Equity gained on principal adds $1,178/yr, while 5% annual appreciation builds toward $50,421 over five years. Five-year ROI reaches 140.17% and total cumulative return in cash sums $84,802. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,607/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62069, Mount Olive, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,628 (100%) |
| Owner Occupied HU | 1,178 (72.4%) |
| Renter Occupied HU | 248 (15.2%) |
| Vacant Housing Units | 202 (12.4%) |
| Median Home Value | $135,577 |
| Average Home Value | $174,041 |
Housing Distribution
Address Breakdown
Residential
1,394
Single Family
1,384
Multi-Family
10
Businesses
67
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Listed by: Kristi L Glasgow • RE/MAX Alliance
Mls Name: MARIS
Mls ID: #25058890