15836 E 580 North RdGeorgetownIL61846
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 15836 E 580 North Rd, Georgetown, IL, 61846 in Georgetown. Rental yield 4.36%. At $214,900 with 4.36% gross yield, current distributions are modest, but the 5% appreciation rate projects $59,373 in new equity by year five, complemented by $1,979/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.81) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $36,524.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 5.2% |
| Monthly Cash Flow | $(711) | $300 |
City averages based on Georgetown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $780 |
| Total Monthly Debt Service | $1,405 |
| DSCR Ratio | 0.56x |
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 1980
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61846, Georgetown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,127 (100%) |
| Owner Occupied HU | 1,371 (64.5%) |
| Renter Occupied HU | 525 (24.7%) |
| Vacant Housing Units | 231 (10.9%) |
| Median Home Value | $86,852 |
| Average Home Value | $120,954 |
Housing Distribution
Address Breakdown
Residential
1,945
Single Family
1,905
Multi-Family
40
Businesses
103
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 1980
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61846, Georgetown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,127 (100%) |
| Owner Occupied HU | 1,371 (64.5%) |
| Renter Occupied HU | 525 (24.7%) |
| Vacant Housing Units | 231 (10.9%) |
| Median Home Value | $86,852 |
| Average Home Value | $120,954 |
Housing Distribution
Address Breakdown
Residential
1,945
Single Family
1,905
Multi-Family
40
Businesses
103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hayley Siefert • Keller Williams Realty - Danville
Mls Name: CIBR
Mls Provider:
Mls ID: #6247604
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.