431 S Independence StMonticelloIL61856
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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 Monticello at 431 S Independence St, Monticello, IL, 61856 with 5% annual appreciation on a $239,900 basis while $2,262/mo rent supports operations. Total monthly income totals $2,262/mo and a $1,174/mo payment preserves $598/mo for cash returns. Annual cash flow comes to $7,178/yr on $79,527 deployed, and return on cash invested reaches 28.94% in year one. Equity gained on principal adds $1,548/yr, and five-year appreciation sums $66,280 alongside rental yield of 11.31%. Five-year ROI measures 152.27% and total cumulative return in cash totals $121,099.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,262/mo property income versus a $1,174/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
5,280 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61856, Monticello, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,471 (100%) |
| Owner Occupied HU | 2,665 (76.8%) |
| Renter Occupied HU | 586 (16.9%) |
| Vacant Housing Units | 220 ( 6.3%) |
| Median Home Value | $218,269 |
| Average Home Value | $250,692 |
Housing Distribution
Address Breakdown
Residential
3,379
Single Family
3,206
Multi-Family
173
Businesses
337
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Listed by: Kyle Koester • KELLER WILLIAMS-TREC-MONT
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12533608