108 N Smith StSmithtonIL62285
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 108 N Smith St, Smithton, IL, 62285 in Smithton at $173,500 earns $1,348/mo in rent and nets $144/mo after the $780/mo payment, a 9.32% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $47,935 over five years. Ziffy Mortgage underwrites this on a 1.73 DSCR without U.S. credit history. With $1,598/yr in principal paydown, total projected return reaches $75,681.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.0% |
| Monthly Cash Flow | $144 | $500 |
City averages based on Smithton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,348 |
| Total Monthly Debt Service | $1,134 |
| DSCR Ratio | 1.19x |
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 1931
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62285, Smithton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,836 (100%) |
| Owner Occupied HU | 1,625 (88.5%) |
| Renter Occupied HU | 131 ( 7.1%) |
| Vacant Housing Units | 80 ( 4.4%) |
| Median Home Value | $281,330 |
| Average Home Value | $305,514 |
Housing Distribution
Address Breakdown
Residential
1,734
Single Family
1,734
Multi-Family
0
Businesses
99
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 1931
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62285, Smithton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,836 (100%) |
| Owner Occupied HU | 1,625 (88.5%) |
| Renter Occupied HU | 131 ( 7.1%) |
| Vacant Housing Units | 80 ( 4.4%) |
| Median Home Value | $281,330 |
| Average Home Value | $305,514 |
Housing Distribution
Address Breakdown
Residential
1,734
Single Family
1,734
Multi-Family
0
Businesses
99
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices