734 Locust StMinonkIL61760
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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 Minonk at 734 Locust St, Minonk, IL, 61760 offers a 5.33% rental yield on a $250,000 purchase with $1,110/mo rent. 87% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 55.37% and total cumulative return in cash at $45,886. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,110/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61760, Minonk, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,076 (100%) |
| Owner Occupied HU | 781 (72.6%) |
| Renter Occupied HU | 233 (21.7%) |
| Vacant Housing Units | 62 ( 5.8%) |
| Median Home Value | $135,021 |
| Average Home Value | $166,575 |
Housing Distribution
Address Breakdown
Residential
1,019
Single Family
996
Multi-Family
23
Businesses
79
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Listed by: Adam J Merrick • Adam Merrick Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1254209
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.