109 E Main StPleasant PlainsIL62677
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 109 E Main St, Pleasant Plains, IL, 62677 in Pleasant Plains. Rental yield 4.58%. At $269,900 with 4.58% gross yield, current distributions are modest, but the 5% appreciation rate projects $74,568 in new equity by year five, complemented by $2,486/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.85) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $49,064.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.6% | 7.5% |
| Monthly Cash Flow | $(841) | $150 |
City averages based on Pleasant Plains market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,031 |
| Total Monthly Debt Service | $1,765 |
| DSCR Ratio | 0.58x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1883
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62677, Pleasant Plains, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,138 (100%) |
| Owner Occupied HU | 955 (83.9%) |
| Renter Occupied HU | 105 ( 9.2%) |
| Vacant Housing Units | 78 ( 6.9%) |
| Median Home Value | $242,655 |
| Average Home Value | $276,123 |
Housing Distribution
Address Breakdown
Residential
920
Single Family
920
Multi-Family
0
Businesses
39
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 1883
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62677, Pleasant Plains, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,138 (100%) |
| Owner Occupied HU | 955 (83.9%) |
| Renter Occupied HU | 105 ( 9.2%) |
| Vacant Housing Units | 78 ( 6.9%) |
| Median Home Value | $242,655 |
| Average Home Value | $276,123 |
Housing Distribution
Address Breakdown
Residential
920
Single Family
920
Multi-Family
0
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Todd M Musso • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1037168
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.