17666 State Rte #37West FrankfortIL62896
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 17666 State Rte #37, West Frankfort, IL, 62896 in West Frankfort at $160,000. Rental yield 6.21%. The 6.21% yield and 1.15 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $44,205 by year five, and $1,474/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $43,120.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 9.0% |
| Monthly Cash Flow | $(282) | $600 |
City averages based on West Frankfort market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $828 |
| Total Monthly Debt Service | $1,046 |
| DSCR Ratio | 0.79x |
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 1969
4.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62896, West Frankfort, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,905 (100%) |
| Owner Occupied HU | 3,622 (61.3%) |
| Renter Occupied HU | 1,438 (24.4%) |
| Vacant Housing Units | 845 (14.3%) |
| Median Home Value | $103,738 |
| Average Home Value | $209,718 |
Housing Distribution
Address Breakdown
Residential
5,100
Single Family
4,925
Multi-Family
175
Businesses
345
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 1969
4.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62896, West Frankfort, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,905 (100%) |
| Owner Occupied HU | 3,622 (61.3%) |
| Renter Occupied HU | 1,438 (24.4%) |
| Vacant Housing Units | 845 (14.3%) |
| Median Home Value | $103,738 |
| Average Home Value | $209,718 |
Housing Distribution
Address Breakdown
Residential
5,100
Single Family
4,925
Multi-Family
175
Businesses
345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristen Anastasi • House 2 Home Realty Marion
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261123
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.