10078 State Route 9HoopestonIL60942
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 10078 State Route 9, Hoopeston, IL, 60942 in Hoopeston at $249,977, 4.9% gross yield, is a market-growth asset. Rental yield 4.9%. The $1,020/mo rent partially funds the $1,124/mo debt service; the core return is the 5%/yr price growth projected to add $69,064 over five years. Ziffy Mortgage's DSCR mortgage (0.91) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $49,686.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.9% | 9.2% |
| Monthly Cash Flow | $(714) | $200 |
City averages based on Hoopeston market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,020 |
| Total Monthly Debt Service | $1,634 |
| DSCR Ratio | 0.62x |
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 1993
2.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60942, Hoopeston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,711 (100%) |
| Owner Occupied HU | 1,657 (61.1%) |
| Renter Occupied HU | 720 (26.6%) |
| Vacant Housing Units | 334 (12.3%) |
| Median Home Value | $79,844 |
| Average Home Value | $120,211 |
Housing Distribution
Address Breakdown
Residential
2,538
Single Family
2,334
Multi-Family
204
Businesses
184
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 1993
2.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60942, Hoopeston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,711 (100%) |
| Owner Occupied HU | 1,657 (61.1%) |
| Renter Occupied HU | 720 (26.6%) |
| Vacant Housing Units | 334 (12.3%) |
| Median Home Value | $79,844 |
| Average Home Value | $120,211 |
Housing Distribution
Address Breakdown
Residential
2,538
Single Family
2,334
Multi-Family
204
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices