12265 Mindale RdLa PrairieIL62346
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeFor first-time U.S. investors or those diversifying conservatively, 12265 Mindale Rd, La Prairie, IL, 62346 in La Prairie offers a clean, manageable entry. Rental yield 8.05%. DSCR 1.49 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $107,722 in additional property value over five years, with $3,591/yr in principal equity building ownership stake. Total projected cumulative return: $143,429.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.0% |
| Monthly Cash Flow | $(88) | $1,200 |
City averages based on La Prairie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,616 |
| Total Monthly Debt Service | $2,549 |
| DSCR Ratio | 1.03x |
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 1999
19.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62346, La Prairie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 68 (100%) |
| Owner Occupied HU | 49 (72.1%) |
| Renter Occupied HU | 11 (16.2%) |
| Vacant Housing Units | 8 (11.8%) |
| Median Home Value | $154,688 |
| Average Home Value | $162,500 |
Housing Distribution
Address Breakdown
Residential
85
Single Family
85
Multi-Family
0
Businesses
2
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 1999
19.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62346, La Prairie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 68 (100%) |
| Owner Occupied HU | 49 (72.1%) |
| Renter Occupied HU | 11 (16.2%) |
| Vacant Housing Units | 8 (11.8%) |
| Median Home Value | $154,688 |
| Average Home Value | $162,500 |
Housing Distribution
Address Breakdown
Residential
85
Single Family
85
Multi-Family
0
Businesses
2
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: RMLS Alliance as distributed by MLS GRID
Mls ID: #CA1040888