409 W Lincoln StMount MorrisIL61054
Nearby investment properties with comparable rents
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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 Morris at 409 W Lincoln St, Mount Morris, IL, 61054 at $109,000 posts ROI 22.71% with $84/mo cash flow from $841/mo rent. Total monthly income equals $841/mo, and annual cash flow records $1,013/yr on $36,134 to close. Return on cash invested measures 22.71% and rental yield reads 9.26% at the current $109,000. Equity gained on principal adds $703/yr, and 5% annual appreciation supports $30,115 by year five. Five-year ROI prints 118.92% and total cumulative return in cash totals $42,970.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $841/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61054, Mount Morris, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,164 (61.2%) |
| Renter Occupied HU | 529 (27.8%) |
| Vacant Housing Units | 210 (11.0%) |
| Median Home Value | $176,750 |
| Average Home Value | $237,317 |
Housing Distribution
Address Breakdown
Residential
1,697
Single Family
1,605
Multi-Family
92
Businesses
93
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Nearby investment properties with comparable prices
Listed by: Rebecca Hazzard • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202507575