1813 Heather LnClay CityIL62824
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1813 Heather Ln, Clay City, IL, 62824 in Clay City at $425,000 earns $3,065/mo in rent and nets $117/mo after the $1,911/mo payment, a 8.65% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $117,420 over five years. Ziffy Mortgage underwrites this on a 1.60 DSCR without U.S. credit history. With $3,914/yr in principal paydown, total projected return reaches $170,099.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 7.0% |
| Monthly Cash Flow | $117 | $300 |
City averages based on Clay City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,065 |
| Total Monthly Debt Service | $2,779 |
| DSCR Ratio | 1.10x |
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 1974
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62824, Clay City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 833 (100%) |
| Owner Occupied HU | 615 (73.8%) |
| Renter Occupied HU | 110 (13.2%) |
| Vacant Housing Units | 108 (13.0%) |
| Median Home Value | $165,046 |
| Average Home Value | $241,549 |
Housing Distribution
Address Breakdown
Residential
575
Single Family
575
Multi-Family
0
Businesses
55
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 1974
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62824, Clay City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 833 (100%) |
| Owner Occupied HU | 615 (73.8%) |
| Renter Occupied HU | 110 (13.2%) |
| Vacant Housing Units | 108 (13.0%) |
| Median Home Value | $165,046 |
| Average Home Value | $241,549 |
Housing Distribution
Address Breakdown
Residential
575
Single Family
575
Multi-Family
0
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices