709 W Boston AveMonmouthIL61462
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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 Monmouth at 709 W Boston Ave, Monmouth, IL, 61462 with 5% annual appreciation on a $124,900 basis while $967/mo rent supports operations. Total monthly income totals $967/mo and a $611/mo payment preserves $101/mo for cash returns. Annual cash flow comes to $1,212/yr on $41,404 deployed, and return on cash invested reaches 22.84% in year one. Equity gained on principal adds $806/yr, and five-year appreciation sums $34,508 alongside rental yield of 9.29%. Five-year ROI measures 119.52% and total cumulative return in cash totals $49,486.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $967/mo property income versus a $611/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
8,470 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61462, Monmouth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,818 (100%) |
| Owner Occupied HU | 3,039 (63.1%) |
| Renter Occupied HU | 1,128 (23.4%) |
| Vacant Housing Units | 651 (13.5%) |
| Median Home Value | $112,163 |
| Average Home Value | $161,049 |
Housing Distribution
Address Breakdown
Residential
4,397
Single Family
4,029
Multi-Family
368
Businesses
399
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Listed by: Starr Fell • EXP REALTY, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261950
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.