806 16th StMendotaIL61342
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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 Mendota at 806 16th St, Mendota, IL, 61342 earns $1,460/mo cash flow from $2,428/mo rent with a $660/mo payment. Total monthly income totals $2,428/mo, and annual cash flow totals $17,522/yr on $44,719 capital. ROI tracks 59.09% on current figures, and rental yield reads 21.6% at a $134,900 purchase. Equity gained on principal adds $870/yr, and 5% annual appreciation supports $37,270 over five years. Five-year ROI reaches 314.35% and total cumulative return in cash sums $140,573. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,428/mo property income instead of your personal income.
Single Family
Built in 1903
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61342, Mendota, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,792 (100%) |
| Owner Occupied HU | 2,433 (64.2%) |
| Renter Occupied HU | 998 (26.3%) |
| Vacant Housing Units | 361 ( 9.5%) |
| Median Home Value | $155,860 |
| Average Home Value | $206,099 |
Housing Distribution
Address Breakdown
Residential
3,544
Single Family
3,292
Multi-Family
252
Businesses
320
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Listed by: Pamela Mitchell • Key Realty, Inc
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202403931
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.