601 E Girard 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
Rental property for sale in Monmouth at 601 E Girard Ave, Monmouth, IL, 61462 priced at $179,900 pairs $2,238/mo rent with $990/mo cash flow after a $881/mo payment. Total monthly income equals $2,238/mo, and annual cash flow comes to $11,876/yr on $59,637 invested. Return on cash invested is 39.82% in year one, and rental yield stands at 14.93% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 210.61% and total cumulative return in cash reaches $125,601. For financing, Ziffy Mortgage’s DSCR program evaluates $2,238/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
8,712 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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Listed by: Melissa Miner • Western Illinois Realty LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1031473
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.