112 E Mulberry StWatsekaIL60970
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 112 E Mulberry St, Watseka, IL, 60970 in Watseka, $269,900, 8.95% gross yield, $142/mo net income. Consider it a market-entry position, the $2,014/mo rent covers the $1,214/mo payment with a margin, and 5%/yr appreciation is projected to add $74,568 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.66) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $112,316.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 8.0% |
| Monthly Cash Flow | $142 | $300 |
City averages based on Watseka market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,014 |
| Total Monthly Debt Service | $1,765 |
| DSCR Ratio | 1.14x |
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 1872
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60970, Watseka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,333 (100%) |
| Owner Occupied HU | 1,968 (59.0%) |
| Renter Occupied HU | 860 (25.8%) |
| Vacant Housing Units | 505 (15.2%) |
| Median Home Value | $153,372 |
| Average Home Value | $210,017 |
Housing Distribution
Address Breakdown
Residential
2,924
Single Family
2,747
Multi-Family
177
Businesses
321
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 1872
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60970, Watseka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,333 (100%) |
| Owner Occupied HU | 1,968 (59.0%) |
| Renter Occupied HU | 860 (25.8%) |
| Vacant Housing Units | 505 (15.2%) |
| Median Home Value | $153,372 |
| Average Home Value | $210,017 |
Housing Distribution
Address Breakdown
Residential
2,924
Single Family
2,747
Multi-Family
177
Businesses
321
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices