1223 County Highway 29RinardIL62878
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1223 County Highway 29, Rinard, IL, 62878 in Rinard is a top-tier cash-flow asset. At $175,000 it produces $2,087/mo in rent and $873/mo in net monthly income, a 14.31% gross rental yield. The DSCR of 2.65 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $10,476. Five-year appreciation adds $48,349, driving a total cumulative return of $123,129.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.3% | 7.2% |
| Monthly Cash Flow | $873 | $1,200 |
City averages based on Rinard market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,087 |
| Total Monthly Debt Service | $1,144 |
| DSCR Ratio | 1.82x |
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 N/A
24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62878, Rinard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 172 (100%) |
| Owner Occupied HU | 137 (79.7%) |
| Renter Occupied HU | 14 ( 8.1%) |
| Vacant Housing Units | 21 (12.2%) |
| Median Home Value | $183,929 |
| Average Home Value | $229,179 |
Housing Distribution
Address Breakdown
Residential
156
Single Family
156
Multi-Family
0
Businesses
4
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 N/A
24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62878, Rinard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 172 (100%) |
| Owner Occupied HU | 137 (79.7%) |
| Renter Occupied HU | 14 ( 8.1%) |
| Vacant Housing Units | 21 (12.2%) |
| Median Home Value | $183,929 |
| Average Home Value | $229,179 |
Housing Distribution
Address Breakdown
Residential
156
Single Family
156
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices