914 E Washington StMonticelloIL61856
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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 Monticello at 914 E Washington St, Monticello, IL, 61856 uses $56,852 cash to close to unlock $5,146/yr annual cash flow and $429/mo monthly cash flow. Total monthly income runs $1,618/mo, and a $839/mo payment keeps the spread at $429/mo. Purchase price stands at $171,500, and rental yield measures 11.32% with $1,618/mo rent. Return on cash invested shows 28.96% in year one, and 5% annual appreciation builds toward $47,382 over five years. Five-year ROI reaches 152.37% and total cumulative return in cash records $86,628. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,618/mo property income covering a $839/mo payment rather than investor’s personal income.
Single Family
Built in N/A
10,657 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61856, Monticello, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,471 (100%) |
| Owner Occupied HU | 2,665 (76.8%) |
| Renter Occupied HU | 586 (16.9%) |
| Vacant Housing Units | 220 ( 6.3%) |
| Median Home Value | $218,269 |
| Average Home Value | $250,692 |
Housing Distribution
Address Breakdown
Residential
3,379
Single Family
3,206
Multi-Family
173
Businesses
337
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Listed by: Matthew Foster • RE/MAX REALTY ASSOCIATES-MONT
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12426257