408 E Boston AveMonmouthIL61462
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Nearby investment properties with comparable prices
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 Monmouth at 408 E Boston Ave, Monmouth, IL, 61462 offers $1,054/mo rent that, after a $685/mo payment, leaves $83/mo cash flow. Total monthly income is $1,054/mo, and annual cash flow is $998/yr on $46,410 cash. Return on cash invested measures 22.06% in year one, and rental yield stands at 9.03% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 115.45% and total cumulative return in cash reaches $53,578. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,054/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61462, Monmouth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,818 (100%) |
| Owner Occupied HU | 3,039 (63.1%) |
| Renter Occupied HU | 1,128 (23.4%) |
| Vacant Housing Units | 651 (13.5%) |
| Median Home Value | $112,163 |
| Average Home Value | $161,049 |
Housing Distribution
Address Breakdown
Residential
4,397
Single Family
4,029
Multi-Family
368
Businesses
399
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