601 Nora LnMount VernonIL62864
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Nearby investment properties with comparable prices
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 Mount Vernon at 601 Nora Ln, Mount Vernon, IL, 62864 at $122,000 posts ROI 25.07% with $174/mo cash flow from $1,020/mo rent. Total monthly income equals $1,020/mo, and annual cash flow records $2,087/yr on $40,443 to close. Return on cash invested measures 25.07% and rental yield reads 10.03% at the current $122,000. Equity gained on principal adds $787/yr, and 5% annual appreciation supports $33,706 by year five. Five-year ROI prints 131.5% and total cumulative return in cash totals $53,183.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,020/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62864, Mount Vernon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,134 (100%) |
| Owner Occupied HU | 6,771 (60.8%) |
| Renter Occupied HU | 3,058 (27.5%) |
| Vacant Housing Units | 1,305 (11.7%) |
| Median Home Value | $132,704 |
| Average Home Value | $163,466 |
Housing Distribution
Address Breakdown
Residential
10,370
Single Family
9,654
Multi-Family
716
Businesses
1,259
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Listed by: Andrea B Baker • King City Property Brokers
Mls Name: RMLS Alliance
Mls ID: #EB460707