109 Patton DrElizabethtownIL62931
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 109 Patton Dr, Elizabethtown, IL, 62931 in Elizabethtown at $155,000 earns $1,199/mo in rent and nets $124/mo after the $697/mo payment, a 9.28% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $42,824 over five years. Ziffy Mortgage underwrites this on a 1.72 DSCR without U.S. credit history. With $1,428/yr in principal paydown, total projected return reaches $67,266.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.5% |
| Monthly Cash Flow | $124 | $1,200 |
City averages based on Elizabethtown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,199 |
| Total Monthly Debt Service | $1,013 |
| DSCR Ratio | 1.18x |
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 1953
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62931, Elizabethtown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 627 (100%) |
| Owner Occupied HU | 397 (63.3%) |
| Renter Occupied HU | 88 (14.0%) |
| Vacant Housing Units | 142 (22.6%) |
| Median Home Value | $135,417 |
| Average Home Value | $165,844 |
Housing Distribution
Address Breakdown
Residential
598
Single Family
598
Multi-Family
0
Businesses
34
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 1953
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62931, Elizabethtown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 627 (100%) |
| Owner Occupied HU | 397 (63.3%) |
| Renter Occupied HU | 88 (14.0%) |
| Vacant Housing Units | 142 (22.6%) |
| Median Home Value | $135,417 |
| Average Home Value | $165,844 |
Housing Distribution
Address Breakdown
Residential
598
Single Family
598
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Allen Clay • Farmer & Co. Real Estate
Mls Name: RMLS Alliance
Mls ID: #EB458037