138 E State Route 116BensonIL61516
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 138 E State Route 116, Benson, IL, 61516 in Benson: $1,772/mo in rent, $212/mo in net income, 9.45% gross yield, 1.75 DSCR, all at $225,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $62,163 in appreciation and $2,072/yr in principal paydown projects total cumulative return of $99,648.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.2% |
| Monthly Cash Flow | $212 | $350 |
City averages based on Benson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,772 |
| Total Monthly Debt Service | $1,471 |
| 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 1921
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61516, Benson, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 250 (79.9%) |
| Renter Occupied HU | 38 (12.1%) |
| Vacant Housing Units | 25 ( 8.0%) |
| Median Home Value | $145,313 |
| Average Home Value | $173,410 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
19
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 1921
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61516, Benson, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 250 (79.9%) |
| Renter Occupied HU | 38 (12.1%) |
| Vacant Housing Units | 25 ( 8.0%) |
| Median Home Value | $145,313 |
| Average Home Value | $173,410 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices