119 W Mack AveOlneyIL62450
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 119 W Mack Ave, Olney, IL, 62450 in Olney achieves a 1.52 ratio at $299,900: $2,056/mo rent versus $1,349/mo debt service. Rental yield 8.23%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.23% yield compounds alongside 5% annual appreciation projecting $82,857 in value. Total projected cumulative return: $113,119.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.0% |
| Monthly Cash Flow | $(25) | $150 |
City averages based on Olney 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 | $2,056 |
| Total Monthly Debt Service | $1,961 |
| DSCR Ratio | 1.05x |
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 1968
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62450, Olney, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,685 (100%) |
| Owner Occupied HU | 3,543 (62.3%) |
| Renter Occupied HU | 1,489 (26.2%) |
| Vacant Housing Units | 653 (11.5%) |
| Median Home Value | $140,262 |
| Average Home Value | $187,316 |
Housing Distribution
Address Breakdown
Residential
5,301
Single Family
5,087
Multi-Family
214
Businesses
558
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 1968
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62450, Olney, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,685 (100%) |
| Owner Occupied HU | 3,543 (62.3%) |
| Renter Occupied HU | 1,489 (26.2%) |
| Vacant Housing Units | 653 (11.5%) |
| Median Home Value | $140,262 |
| Average Home Value | $187,316 |
Housing Distribution
Address Breakdown
Residential
5,301
Single Family
5,087
Multi-Family
214
Businesses
558
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices