417 Jay DrMount 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
Rental property for sale in Mount Vernon at 417 Jay Dr, Mount Vernon, IL, 62864 priced at $315,000 converts $2,438/mo rent into $253/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,438/mo, and annual cash flow totals $3,034/yr on $104,423 invested. Return on cash invested prints 22.81% in year one, and rental yield reads 9.29% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 119.4% and total cumulative return in cash sums $124,685. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,438/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Townhouse
Built in 1979
1.20 Acres 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: Cory Capps • DYNACONNECTIONS
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB460343