112 W Grand AveOwanecoIL62555
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 112 W Grand Ave, Owaneco, IL, 62555 in Owaneco worth modelling. At $145,000 with a 9.47% gross yield, the $1,145/mo rent leaves $139/mo after the $652/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.76 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $40,061 by year five; $1,335/yr in principal reduction adds further equity. Total projected return: $64,414.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.0% |
| Monthly Cash Flow | $139 | $1,500 |
City averages based on Owaneco market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,145 |
| Total Monthly Debt Service | $948 |
| DSCR Ratio | 1.21x |
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 2000
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62555, Owaneco, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 207 (100%) |
| Owner Occupied HU | 165 (79.7%) |
| Renter Occupied HU | 19 ( 9.2%) |
| Vacant Housing Units | 23 (11.1%) |
| Median Home Value | $188,942 |
| Average Home Value | $211,621 |
Housing Distribution
Address Breakdown
Residential
200
Single Family
200
Multi-Family
0
Businesses
12
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 2000
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62555, Owaneco, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 207 (100%) |
| Owner Occupied HU | 165 (79.7%) |
| Renter Occupied HU | 19 ( 9.2%) |
| Vacant Housing Units | 23 (11.1%) |
| Median Home Value | $188,942 |
| Average Home Value | $211,621 |
Housing Distribution
Address Breakdown
Residential
200
Single Family
200
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices