15 Ginger Creek DrGlen CarbonIL62034
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSteady, low-maintenance, and fundable: 15 Ginger Creek Dr, Glen Carbon, IL, 62034 in Glen Carbon at $450,000. Rental yield 7.98%. The 7.98% yield and 1.40 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $124,327 by year five, and $3,772/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $155,430.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 5.4% |
| Monthly Cash Flow | $(128) | $250 |
City averages based on Glen Carbon market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,993 |
| Total Monthly Debt Service | $3,052 |
| DSCR Ratio | 0.98x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1976
0.64 Acres lot
$N/A/sqft
No HOA
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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
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Listed by: Jean Lewis • Keller Williams Pinnacle
Mls Name: MARIS
Mls ID: #25056907
