1000 Market StMadisonIL62060
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 1000 Market St, Madison, IL, 62060 in Madison is the 1.72 coverage ratio: rent of $772/mo versus a $450/mo debt payment on a $100,000 property. Rental yield 9.26%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $27,628 by year five, with $921/yr in equity from paydown. Total projected cumulative return: $36,077.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.0% |
| Monthly Cash Flow | $(42) | $800 |
City averages based on Madison market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $772 |
| Total Monthly Debt Service | $774 |
| DSCR Ratio | 1.00x |
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 1970
5,379 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62060, Madison, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,045 (100%) |
| Owner Occupied HU | 904 (44.2%) |
| Renter Occupied HU | 753 (36.8%) |
| Vacant Housing Units | 388 (19.0%) |
| Median Home Value | $100,862 |
| Average Home Value | $157,835 |
Housing Distribution
Address Breakdown
Residential
1,636
Single Family
1,567
Multi-Family
69
Businesses
168
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 1970
5,379 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62060, Madison, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,045 (100%) |
| Owner Occupied HU | 904 (44.2%) |
| Renter Occupied HU | 753 (36.8%) |
| Vacant Housing Units | 388 (19.0%) |
| Median Home Value | $100,862 |
| Average Home Value | $157,835 |
Housing Distribution
Address Breakdown
Residential
1,636
Single Family
1,567
Multi-Family
69
Businesses
168
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marisa A Lowry • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls Provider:
Mls ID: #25039273
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