160 W 3rd StCoal CityIL60416
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 160 W 3rd St, Coal City, IL, 60416 in Coal City. Priced at $240,000, it generates $2,861/mo in gross rent and $1,196/mo in net monthly cash flow, a 14.3% yield that comfortably supports the 2.65 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $14,353. Five-year appreciation: $66,308. Equity from principal paydown: $2,210/yr. Total projected cumulative return: $168,774.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.3% | 7.0% |
| Monthly Cash Flow | $1,196 | $400 |
City averages based on Coal City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,861 |
| Total Monthly Debt Service | $1,569 |
| DSCR Ratio | 1.82x |
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 1961
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60416, Coal City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,917 (100%) |
| Owner Occupied HU | 2,807 (71.7%) |
| Renter Occupied HU | 922 (23.5%) |
| Vacant Housing Units | 188 ( 4.8%) |
| Median Home Value | $263,882 |
| Average Home Value | $297,838 |
Housing Distribution
Address Breakdown
Residential
3,910
Single Family
3,858
Multi-Family
52
Businesses
256
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 1961
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60416, Coal City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,917 (100%) |
| Owner Occupied HU | 2,807 (71.7%) |
| Renter Occupied HU | 922 (23.5%) |
| Vacant Housing Units | 188 ( 4.8%) |
| Median Home Value | $263,882 |
| Average Home Value | $297,838 |
Housing Distribution
Address Breakdown
Residential
3,910
Single Family
3,858
Multi-Family
52
Businesses
256
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices