450 Sunny LnMount OliveIL62069
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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 Olive at 450 Sunny Ln, Mount Olive, IL, 62069 priced at $179,900 converts $1,441/mo rent into $193/mo cash flow after a $881/mo obligation. Total monthly income equals $1,441/mo, and annual cash flow totals $2,312/yr on $59,637 invested. Return on cash invested prints 23.79% in year one, and rental yield reads 9.61% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 124.65% and total cumulative return in cash sums $74,337. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,441/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62069, Mount Olive, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,628 (100%) |
| Owner Occupied HU | 1,178 (72.4%) |
| Renter Occupied HU | 248 (15.2%) |
| Vacant Housing Units | 202 (12.4%) |
| Median Home Value | $135,577 |
| Average Home Value | $174,041 |
Housing Distribution
Address Breakdown
Residential
1,394
Single Family
1,384
Multi-Family
10
Businesses
67
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Listed by: Mike Mihelcic • RE/MAX Alliance
Mls Name: MARIS
Mls ID: #25046001