1202 Joy LnJohnston CityIL62951
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 1202 Joy Ln, Johnston City, IL, 62951 in Johnston City. Rental yield 3.99%. At $280,000 with 3.99% gross yield, current distributions are modest, but the 5% appreciation rate projects $77,359 in new equity by year five, complemented by $2,579/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.74) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $41,989.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4% | 8.0% |
| Monthly Cash Flow | $(1,012) | $150 |
City averages based on Johnston City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $930 |
| Total Monthly Debt Service | $1,831 |
| DSCR Ratio | 0.51x |
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 2025
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62951, Johnston City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,422 (100%) |
| Owner Occupied HU | 1,604 (66.2%) |
| Renter Occupied HU | 504 (20.8%) |
| Vacant Housing Units | 314 (13.0%) |
| Median Home Value | $101,029 |
| Average Home Value | $154,119 |
Housing Distribution
Address Breakdown
Residential
2,267
Single Family
2,267
Multi-Family
0
Businesses
140
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 2025
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62951, Johnston City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,422 (100%) |
| Owner Occupied HU | 1,604 (66.2%) |
| Renter Occupied HU | 504 (20.8%) |
| Vacant Housing Units | 314 (13.0%) |
| Median Home Value | $101,029 |
| Average Home Value | $154,119 |
Housing Distribution
Address Breakdown
Residential
2,267
Single Family
2,267
Multi-Family
0
Businesses
140
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristen Anastasi • House 2 Home Realty Marion
Mls Name: RMLS Alliance
Mls ID: #QC4267081