427 S 10th 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
Rental property for sale in Monmouth at 427 S 10th St, Monmouth, IL, 61462 generates $1,921/mo in rent and, after a $734/mo payment, leaves $881/mo in cash flow. Total monthly income is $1,921/mo, and annual cash flow is $10,569/yr on $49,725 invested. Return on cash invested sits at 41.16% in year one, and rental yield is 15.37% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 217.81% and total cumulative return in cash sums $108,306. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,921/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
3,100 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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