1621 Highway 24PalomaIL62359
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 1621 Highway 24, Paloma, IL, 62359 in Paloma is straightforward: $164,900 in, $1,429/mo in rent, $285/mo out after debt service. The 10.4% gross yield and 1.93 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $45,559 by year five. With $1,519/yr in principal equity, the total cumulative return is projected at $81,485.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 8.0% |
| Monthly Cash Flow | $285 | $300 |
City averages based on Paloma market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,429 |
| Total Monthly Debt Service | $1,078 |
| DSCR Ratio | 1.33x |
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 1900
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62359, Paloma, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 68 (100%) |
| Owner Occupied HU | 60 (88.2%) |
| Renter Occupied HU | 5 ( 7.4%) |
| Vacant Housing Units | 3 ( 4.4%) |
| Median Home Value | $240,000 |
| Average Home Value | $292,833 |
Housing Distribution
Address Breakdown
Residential
61
Single Family
61
Multi-Family
0
Businesses
4
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 1900
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62359, Paloma, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 68 (100%) |
| Owner Occupied HU | 60 (88.2%) |
| Renter Occupied HU | 5 ( 7.4%) |
| Vacant Housing Units | 3 ( 4.4%) |
| Median Home Value | $240,000 |
| Average Home Value | $292,833 |
Housing Distribution
Address Breakdown
Residential
61
Single Family
61
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices