408 W Beacon CtMount VernonIL62864
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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 Mount Vernon at 408 W Beacon Ct, Mount Vernon, IL, 62864 with 5% annual appreciation on a $224,500 basis while $1,921/mo rent supports operations. Total monthly income totals $1,921/mo and a $1,099/mo payment preserves $364/mo for cash returns. Annual cash flow comes to $4,364/yr on $74,422 deployed, and return on cash invested reaches 25.77% in year one. Equity gained on principal adds $1,449/yr, and five-year appreciation sums $62,025 alongside rental yield of 10.27%. Five-year ROI measures 135.28% and total cumulative return in cash totals $100,676.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,921/mo property income versus a $1,099/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62864, Mount Vernon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,134 (100%) |
| Owner Occupied HU | 6,771 (60.8%) |
| Renter Occupied HU | 3,058 (27.5%) |
| Vacant Housing Units | 1,305 (11.7%) |
| Median Home Value | $132,704 |
| Average Home Value | $163,466 |
Housing Distribution
Address Breakdown
Residential
10,370
Single Family
9,654
Multi-Family
716
Businesses
1,259
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Listed by: Lisa McKinney • C21 All Pro Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB460624