0 W Mill Creek RdTroyIL62294
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 0 W Mill Creek Rd, Troy, IL, 62294 in Troy is capital appreciation. Rental yield 4.55%. The 4.55% gross yield at $500,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $138,141 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.99) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $111,219.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.6% | 8.0% |
| Monthly Cash Flow | $(1,843) | $300 |
City averages based on Troy market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,224 |
| Total Monthly Debt Service | $3,269 |
| DSCR Ratio | 0.68x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1984
36.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62294, Troy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,266 (100%) |
| Owner Occupied HU | 4,801 (76.6%) |
| Renter Occupied HU | 1,178 (18.8%) |
| Vacant Housing Units | 287 ( 4.6%) |
| Median Home Value | $288,039 |
| Average Home Value | $330,237 |
Housing Distribution
Address Breakdown
Residential
6,258
Single Family
6,098
Multi-Family
160
Businesses
360
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1984
36.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62294, Troy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,266 (100%) |
| Owner Occupied HU | 4,801 (76.6%) |
| Renter Occupied HU | 1,178 (18.8%) |
| Vacant Housing Units | 287 ( 4.6%) |
| Median Home Value | $288,039 |
| Average Home Value | $330,237 |
Housing Distribution
Address Breakdown
Residential
6,258
Single Family
6,098
Multi-Family
160
Businesses
360
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Travis R Tarrant • Tarrant and Harman Real Estate and Auction Co
Mls Name: MARIS
Mls Provider:
Mls ID: #24058237
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