702 Magnolia AveMount VernonIL62864
Nearby investment properties with comparable rents
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 702 Magnolia Ave, Mount Vernon, IL, 62864 offers a 10.29% rental yield on a $176,500 purchase with $1,514/mo rent. Total monthly income registers $1,514/mo, and a $864/mo payment leaves $290/mo available for distribution. Annual cash flow reaches $3,476/yr on $58,510 to close, and return on cash invested stands at 25.85% in year one. Equity gained on principal adds $1,139/yr while 5% annual appreciation supports $48,764 over five years. Portfolio math shows five-year ROI at 135.71% and total cumulative return in cash at $79,402. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,514/mo property income against a $864/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
5,865 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John C Tanner • SOMER REAL ESTATE
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB458546
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.