103 S Main StSmithboroIL62284
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 103 S Main St, Smithboro, IL, 62284 in Smithboro fits: $209,800, 0% gross yield, and a projected 5% annual appreciation rate adding $57,964 in value within five years. Rental yield 0%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.00) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $1,200 |
City averages based on Smithboro market data in our database. Property projections are estimates.
Manufactured
Built in 2025
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62284, Smithboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 207 (100%) |
| Owner Occupied HU | 140 (67.6%) |
| Renter Occupied HU | 45 (21.7%) |
| Vacant Housing Units | 22 (10.6%) |
| Median Home Value | $225,000 |
| Average Home Value | $244,357 |
Housing Distribution
Address Breakdown
Residential
198
Single Family
198
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Manufactured
Built in 2025
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62284, Smithboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 207 (100%) |
| Owner Occupied HU | 140 (67.6%) |
| Renter Occupied HU | 45 (21.7%) |
| Vacant Housing Units | 22 (10.6%) |
| Median Home Value | $225,000 |
| Average Home Value | $244,357 |
Housing Distribution
Address Breakdown
Residential
198
Single Family
198
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Robert L Ellsworth • Wall Real Estate
Mls Name: MARIS
Mls Provider:
Mls ID: #25045542
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