501 E McClelland 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
Rental property for sale in Monticello at 501 E McClelland St, Monticello, IL, 61856 offers $1,482/mo rent that, after a $905/mo payment, leaves $200/mo cash flow. Total monthly income is $1,482/mo, and annual cash flow is $2,394/yr on $61,294 cash. Return on cash invested measures 23.81% in year one, and rental yield stands at 9.62% at a $184,900 entry. Equity gained on principal adds $1,193/yr while 5% annual appreciation compounds into $51,084 by year five. Five-year ROI records 124.82% and total cumulative return in cash reaches $76,507. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,482/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,825 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: Julie Huisinga • RE/MAX REALTY ASSOC-MONTICELLO
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12501343