915 E 2nd 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 915 E 2nd Ave, Monmouth, IL, 61462 uses $49,394 cash to close to unlock $19,828/yr annual cash flow and $1,652/mo monthly cash flow. Total monthly income runs $2,724/mo, and a $729/mo payment keeps the spread at $1,652/mo. Purchase price stands at $149,000, and rental yield measures 21.94% with $2,724/mo rent. Return on cash invested shows 60.05% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 319.48% and total cumulative return in cash records $157,804. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,724/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1900
10,434 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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