1042 Centennial AveGladstoneIL61437
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1042 Centennial Ave, Gladstone, IL, 61437 in Gladstone at $294,000 earns $2,105/mo in rent and nets $66/mo after the $1,322/mo payment, a 8.59% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $81,227 over five years. Ziffy Mortgage underwrites this on a 1.59 DSCR without U.S. credit history. With $2,708/yr in principal paydown, total projected return reaches $116,690.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 5.0% |
| Monthly Cash Flow | $66 | $150 |
City averages based on Gladstone market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,105 |
| Total Monthly Debt Service | $1,922 |
| DSCR Ratio | 1.10x |
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 1979
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61437, Gladstone, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 461 (100%) |
| Owner Occupied HU | 328 (71.1%) |
| Renter Occupied HU | 57 (12.4%) |
| Vacant Housing Units | 76 (16.5%) |
| Median Home Value | $157,237 |
| Average Home Value | $152,363 |
Housing Distribution
Address Breakdown
Residential
242
Single Family
241
Multi-Family
1
Businesses
15
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 1979
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61437, Gladstone, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 461 (100%) |
| Owner Occupied HU | 328 (71.1%) |
| Renter Occupied HU | 57 (12.4%) |
| Vacant Housing Units | 76 (16.5%) |
| Median Home Value | $157,237 |
| Average Home Value | $152,363 |
Housing Distribution
Address Breakdown
Residential
242
Single Family
241
Multi-Family
1
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Goff • Goff Real Estate & Appraisals
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6323677
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.