129 2nd Ave EMilanIL61264
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 129 2nd Ave E, Milan, IL, 61264 in Milan is narrow, $161/mo net on $1,406/mo rent after the $807/mo debt service, but the property operates at break-even-plus, not a loss. At $179,500 with a 9.4% yield, the long-run equity case via 5% appreciation ($49,593 over five years) and $1,653/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.74 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $79,031.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 8.2% |
| Monthly Cash Flow | $161 | $300 |
City averages based on Milan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,406 |
| Total Monthly Debt Service | $1,174 |
| DSCR Ratio | 1.20x |
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 1855
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61264, Milan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,802 (100%) |
| Owner Occupied HU | 3,339 (69.5%) |
| Renter Occupied HU | 1,048 (21.8%) |
| Vacant Housing Units | 415 ( 8.6%) |
| Median Home Value | $183,859 |
| Average Home Value | $200,162 |
Housing Distribution
Address Breakdown
Residential
4,785
Single Family
4,379
Multi-Family
406
Businesses
446
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 1855
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61264, Milan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,802 (100%) |
| Owner Occupied HU | 3,339 (69.5%) |
| Renter Occupied HU | 1,048 (21.8%) |
| Vacant Housing Units | 415 ( 8.6%) |
| Median Home Value | $183,859 |
| Average Home Value | $200,162 |
Housing Distribution
Address Breakdown
Residential
4,785
Single Family
4,379
Multi-Family
406
Businesses
446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices