601 E 2nd AveMonmouthIL61462
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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 601 E 2nd Ave, Monmouth, IL, 61462 earns $735/mo cash flow from $1,738/mo rent with a $661/mo payment. Total monthly income totals $1,738/mo, and annual cash flow totals $8,824/yr on $44,753 capital. ROI tracks 39.63% on current figures, and rental yield reads 15.45% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 210.28% and total cumulative return in cash sums $94,105. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,738/mo property income instead of your personal income.
Single Family
Built in 1915
3,407 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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