101 W Market StMount CarrollIL61053
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play101 W Market St, Mount Carroll, IL, 61053 in Mount Carroll is priced for appreciation, not yield. Rental yield 5.86%. At $295,000 with a 5.86% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $81,503 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.09) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $73,866.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 7.0% |
| Monthly Cash Flow | $(605) | $300 |
City averages based on Mount Carroll market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,441 |
| Total Monthly Debt Service | $1,929 |
| DSCR Ratio | 0.75x |
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.
Multi Family
Built in 1899
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61053, Mount Carroll, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,379 (100%) |
| Owner Occupied HU | 905 (65.6%) |
| Renter Occupied HU | 228 (16.5%) |
| Vacant Housing Units | 246 (17.8%) |
| Median Home Value | $137,972 |
| Average Home Value | $206,536 |
Housing Distribution
Address Breakdown
Residential
1,168
Single Family
1,120
Multi-Family
48
Businesses
144
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
Multi Family
Built in 1899
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61053, Mount Carroll, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,379 (100%) |
| Owner Occupied HU | 905 (65.6%) |
| Renter Occupied HU | 228 (16.5%) |
| Vacant Housing Units | 246 (17.8%) |
| Median Home Value | $137,972 |
| Average Home Value | $206,536 |
Housing Distribution
Address Breakdown
Residential
1,168
Single Family
1,120
Multi-Family
48
Businesses
144
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BRANDON BEYER • Jim Sullivan Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202505347