106 W Elm StGladstoneIL61437
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 106 W Elm St, Gladstone, IL, 61437 in Gladstone: $1,484/mo in rent, $671/mo net, 15.19% gross yield, all on a $117,300 acquisition. The 2.82 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $32,408 in value, and $1,080/yr in principal paydown steadily builds equity. Projected total cumulative return: $88,054.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.2% | 5.0% |
| Monthly Cash Flow | $671 | $150 |
City averages based on Gladstone market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,484 |
| Total Monthly Debt Service | $767 |
| DSCR Ratio | 1.93x |
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 1920
10,237 sqft 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 1920
10,237 sqft 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