1316 Mineral Springs RdSterlingIL61081
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder1316 Mineral Springs Rd, Sterling, IL, 61081 in Sterling is a stable, well-positioned rental at $465,000. Rental yield 7.58%. DSCR 1.40 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $128,471 in value and $4,283/yr in principal paydown builds equity, a total projected return of $159,222.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 7.0% |
| Monthly Cash Flow | $(297) | $150 |
City averages based on Sterling market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,936 |
| Total Monthly Debt Service | $3,040 |
| DSCR Ratio | 0.97x |
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 1956
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61081, Sterling, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,878 (100%) |
| Owner Occupied HU | 6,312 (63.9%) |
| Renter Occupied HU | 2,688 (27.2%) |
| Vacant Housing Units | 878 ( 8.9%) |
| Median Home Value | $134,141 |
| Average Home Value | $195,416 |
Housing Distribution
Address Breakdown
Residential
9,074
Single Family
8,249
Multi-Family
825
Businesses
692
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 1956
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61081, Sterling, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,878 (100%) |
| Owner Occupied HU | 6,312 (63.9%) |
| Renter Occupied HU | 2,688 (27.2%) |
| Vacant Housing Units | 878 ( 8.9%) |
| Median Home Value | $134,141 |
| Average Home Value | $195,416 |
Housing Distribution
Address Breakdown
Residential
9,074
Single Family
8,249
Multi-Family
825
Businesses
692
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices