712 W Monroe StSullivanIL61951
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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 Sullivan at 712 W Monroe St, Sullivan, IL, 61951 uses $39,747 cash to close to unlock $1,106/yr annual cash flow and $92/mo monthly cash flow. Total monthly income runs $924/mo, and a $587/mo payment keeps the spread at $92/mo. Purchase price stands at $119,900, and rental yield measures 9.25% with $924/mo rent. Return on cash invested shows 22.69% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 118.83% and total cumulative return in cash records $47,232. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $924/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1898
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61951, Sullivan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,381 (100%) |
| Owner Occupied HU | 2,315 (68.5%) |
| Renter Occupied HU | 783 (23.2%) |
| Vacant Housing Units | 283 ( 8.4%) |
| Median Home Value | $145,991 |
| Average Home Value | $206,197 |
Housing Distribution
Address Breakdown
Residential
3,304
Single Family
3,220
Multi-Family
84
Businesses
310
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