69 Cherry DrMount 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
Rental property for sale in Mount Vernon at 69 Cherry Dr, Mount Vernon, IL, 62864 priced at $149,000 pairs $1,166/mo rent with $133/mo cash flow after a $729/mo payment. Total monthly income equals $1,166/mo, and annual cash flow comes to $1,593/yr on $49,394 invested. Return on cash invested is 23.14% in year one, and rental yield stands at 9.39% on a $149,000 basis. Equity gained on principal adds $961/yr, and 5% annual appreciation accumulates to $41,166 by year five. Five-year ROI measures 121.14% and total cumulative return in cash reaches $59,836. For financing, Ziffy Mortgage’s DSCR program evaluates $1,166/mo property income against a $729/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
0.42 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: Cory Capps • CAPPS REALTY
Mls Name: MRED as distributed by MLS GRID
Mls ID: #100000052