613 S 16th StMount 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 613 S 16th St, Mount Vernon, IL, 62864 uses $43,062 cash to close to unlock $357/yr annual cash flow and $30/mo monthly cash flow. Total monthly income runs $931/mo, and a $636/mo payment keeps the spread at $30/mo. Purchase price stands at $129,900, and rental yield measures 8.6% with $931/mo rent. Return on cash invested shows 20.74% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 108.28% and total cumulative return in cash records $46,627. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $931/mo property income covering a $636/mo payment rather than investor’s personal income.
Multi Family
Built in 1940
8,712 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: Misael Chacon • Beycome brokerage realty, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4259822
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.