107 Picard StAlphaIL61413
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.65% yield at 107 Picard St, Alpha, IL, 61413 in Alpha is solid, but the $506/mo payment compresses net cash flow to $125/mo at $112,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $31,082 by year five, and $1,036/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.79) without U.S. income documentation. Total projected return: $51,078.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 8.0% |
| Monthly Cash Flow | $125 | $250 |
City averages based on Alpha market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $905 |
| Total Monthly Debt Service | $736 |
| DSCR Ratio | 1.23x |
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
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61413, Alpha, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 488 (100%) |
| Owner Occupied HU | 371 (76.0%) |
| Renter Occupied HU | 67 (13.7%) |
| Vacant Housing Units | 50 (10.2%) |
| Median Home Value | $152,841 |
| Average Home Value | $179,434 |
Housing Distribution
Address Breakdown
Residential
256
Single Family
256
Multi-Family
0
Businesses
31
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
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61413, Alpha, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 488 (100%) |
| Owner Occupied HU | 371 (76.0%) |
| Renter Occupied HU | 67 (13.7%) |
| Vacant Housing Units | 50 (10.2%) |
| Median Home Value | $152,841 |
| Average Home Value | $179,434 |
Housing Distribution
Address Breakdown
Residential
256
Single Family
256
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices