115 Wind Mill RdElizabethIL61028
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 115 Wind Mill Rd, Elizabeth, IL, 61028 in Elizabeth fits: $1,290,000, 1.21% gross yield, and a projected 5% annual appreciation rate adding $356,403 in value within five years. Rental yield 1.21%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.22) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $11,881/yr in principal paydown and $356,403 in appreciation project a total return of $1,418.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.2% | 8.0% |
| Monthly Cash Flow | $(7,644) | $1,500 |
City averages based on Elizabeth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,303 |
| Total Monthly Debt Service | $8,434 |
| DSCR Ratio | 0.15x |
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 1913
33.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61028, Elizabeth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,084 (100%) |
| Owner Occupied HU | 627 (57.8%) |
| Renter Occupied HU | 197 (18.2%) |
| Vacant Housing Units | 260 (24.0%) |
| Median Home Value | $247,642 |
| Average Home Value | $300,817 |
Housing Distribution
Address Breakdown
Residential
744
Single Family
734
Multi-Family
10
Businesses
82
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 1913
33.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61028, Elizabeth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,084 (100%) |
| Owner Occupied HU | 627 (57.8%) |
| Renter Occupied HU | 197 (18.2%) |
| Vacant Housing Units | 260 (24.0%) |
| Median Home Value | $247,642 |
| Average Home Value | $300,817 |
Housing Distribution
Address Breakdown
Residential
744
Single Family
734
Multi-Family
10
Businesses
82
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices