424 N 6th StMonmouthIL61462
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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 Monmouth at 424 N 6th St, Monmouth, IL, 61462 listed at $139,000 pairs $1,052/mo rent with a $680/mo payment to leave $54/mo cash flow. Total monthly income runs $1,052/mo, and annual cash flow reaches $648/yr on $46,079 cash to close. Return on cash invested measures 21.32% in year one, and rental yield registers 9.08% at a $139,000 basis. Equity gained on principal adds $897/yr, and annual property appreciation at 5% supports $38,403 by year five. Five-year ROI tracks 111.79% and total cumulative return in cash totals $51,512. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,052/mo property income relative to a $680/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
6,098 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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Listed by: Megan Pierce • Keller Williams 1Advantage
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #151652
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.