1035 E Myrtle StCantonIL61520
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1035 E Myrtle St, Canton, IL, 61520 in Canton at $132,500 earns $1,061/mo in rent and nets $142/mo after the $596/mo payment, a 9.61% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $36,607 over five years. Ziffy Mortgage underwrites this on a 1.78 DSCR without U.S. credit history. With $1,220/yr in principal paydown, total projected return reaches $59,830.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 8.0% |
| Monthly Cash Flow | $142 | $300 |
City averages based on Canton 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 | $1,061 |
| Total Monthly Debt Service | $866 |
| DSCR Ratio | 1.22x |
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 1961
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61520, Canton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,481 (100%) |
| Owner Occupied HU | 4,774 (63.8%) |
| Renter Occupied HU | 1,833 (24.5%) |
| Vacant Housing Units | 874 (11.7%) |
| Median Home Value | $121,170 |
| Average Home Value | $158,401 |
Housing Distribution
Address Breakdown
Residential
6,714
Single Family
6,340
Multi-Family
374
Businesses
482
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 1961
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61520, Canton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,481 (100%) |
| Owner Occupied HU | 4,774 (63.8%) |
| Renter Occupied HU | 1,833 (24.5%) |
| Vacant Housing Units | 874 (11.7%) |
| Median Home Value | $121,170 |
| Average Home Value | $158,401 |
Housing Distribution
Address Breakdown
Residential
6,714
Single Family
6,340
Multi-Family
374
Businesses
482
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices