605 Pace AveMount VernonIL62864
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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 Mount Vernon at 605 Pace Ave, Mount Vernon, IL, 62864 at $110,000 posts ROI 39.31% with $589/mo cash flow from $1,352/mo rent. Total monthly income equals $1,352/mo, and annual cash flow records $7,073/yr on $36,465 to close. Return on cash invested measures 39.31% and rental yield reads 14.75% at the current $110,000. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 by year five. Five-year ROI prints 207.88% and total cumulative return in cash totals $75,804.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,352/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
8,276 sqft 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: Cynthia A Bevis • King City Property Brokers
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB458221
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.