1561 Elm StHamiltonIL62341
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.64% yield at 1561 Elm St, Hamilton, IL, 62341 in Hamilton is solid, but the $607/mo payment compresses net cash flow to $148/mo at $135,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $37,298 by year five, and $1,243/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.79) without U.S. income documentation. Total projected return: $61,226.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 7.0% |
| Monthly Cash Flow | $148 | $250 |
City averages based on Hamilton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,085 |
| Total Monthly Debt Service | $883 |
| DSCR Ratio | 1.23x |
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 1975
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62341, Hamilton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,597 (100%) |
| Owner Occupied HU | 1,155 (72.3%) |
| Renter Occupied HU | 275 (17.2%) |
| Vacant Housing Units | 167 (10.5%) |
| Median Home Value | $121,282 |
| Average Home Value | $154,574 |
Housing Distribution
Address Breakdown
Residential
1,480
Single Family
1,471
Multi-Family
9
Businesses
109
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 1975
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62341, Hamilton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,597 (100%) |
| Owner Occupied HU | 1,155 (72.3%) |
| Renter Occupied HU | 275 (17.2%) |
| Vacant Housing Units | 167 (10.5%) |
| Median Home Value | $121,282 |
| Average Home Value | $154,574 |
Housing Distribution
Address Breakdown
Residential
1,480
Single Family
1,471
Multi-Family
9
Businesses
109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kasey Mehaffy • Brenda Young Real Estate
Mls Name: Quincy AOR
Mls Provider:
Mls ID: #203753
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.