100 N 11th StHerrinIL62948
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 100 N 11th St, Herrin, IL, 62948 in Herrin at $240,500 earns $1,762/mo in rent and nets $93/mo after the $1,081/mo payment, a 8.79% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $66,446 over five years. Ziffy Mortgage underwrites this on a 1.63 DSCR without U.S. credit history. With $2,215/yr in principal paydown, total projected return reaches $98,042.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 7.5% |
| Monthly Cash Flow | $93 | $300 |
City averages based on Herrin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,762 |
| Total Monthly Debt Service | $1,572 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1924
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62948, Herrin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,554 (58.1%) |
| Renter Occupied HU | 1,805 (29.5%) |
| Vacant Housing Units | 755 (12.3%) |
| Median Home Value | $133,249 |
| Average Home Value | $159,634 |
Housing Distribution
Address Breakdown
Residential
5,750
Single Family
5,552
Multi-Family
198
Businesses
433
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 1924
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62948, Herrin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,554 (58.1%) |
| Renter Occupied HU | 1,805 (29.5%) |
| Vacant Housing Units | 755 (12.3%) |
| Median Home Value | $133,249 |
| Average Home Value | $159,634 |
Housing Distribution
Address Breakdown
Residential
5,750
Single Family
5,552
Multi-Family
198
Businesses
433
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices