16 W Conron AveDanvilleIL61832
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 16 W Conron Ave, Danville, IL, 61832 in Danville worth study. Rental yield 5.12%. The 5.12% gross yield is below cash-flow benchmarks at $239,000, but 5% annual appreciation, adding $66,031 over five years, frames this as a capital growth position. Rent of $1,020/mo partially offsets the $1,075/mo payment. Ziffy Mortgage finances appreciation-play properties (0.95 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $50,401.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.1% | 10.0% |
| Monthly Cash Flow | $(638) | $300 |
City averages based on Danville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,020 |
| Total Monthly Debt Service | $1,563 |
| DSCR Ratio | 0.65x |
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 1926
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61832, Danville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,410 (100%) |
| Owner Occupied HU | 7,791 (50.6%) |
| Renter Occupied HU | 5,398 (35.0%) |
| Vacant Housing Units | 2,221 (14.4%) |
| Median Home Value | $96,049 |
| Average Home Value | $135,574 |
Housing Distribution
Address Breakdown
Residential
14,513
Single Family
12,793
Multi-Family
1,720
Businesses
1,087
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 1926
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61832, Danville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,410 (100%) |
| Owner Occupied HU | 7,791 (50.6%) |
| Renter Occupied HU | 5,398 (35.0%) |
| Vacant Housing Units | 2,221 (14.4%) |
| Median Home Value | $96,049 |
| Average Home Value | $135,574 |
Housing Distribution
Address Breakdown
Residential
14,513
Single Family
12,793
Multi-Family
1,720
Businesses
1,087
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices