202 Connecticut AveWestvilleIL61883
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 202 Connecticut Ave, Westville, IL, 61883 in Westville. Rental yield 5.93%. At $169,900 with 5.93% gross yield, current distributions are modest, but the 5% appreciation rate projects $46,940 in new equity by year five, complemented by $1,565/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.10) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $43,239.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 8.0% |
| Monthly Cash Flow | $(338) | $1,200 |
City averages based on Westville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $840 |
| Total Monthly Debt Service | $1,111 |
| DSCR Ratio | 0.76x |
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 1940
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61883, Westville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,969 (100%) |
| Owner Occupied HU | 1,341 (68.1%) |
| Renter Occupied HU | 416 (21.1%) |
| Vacant Housing Units | 212 (10.8%) |
| Median Home Value | $108,101 |
| Average Home Value | $134,299 |
Housing Distribution
Address Breakdown
Residential
1,859
Single Family
1,811
Multi-Family
48
Businesses
88
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 1940
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61883, Westville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,969 (100%) |
| Owner Occupied HU | 1,341 (68.1%) |
| Renter Occupied HU | 416 (21.1%) |
| Vacant Housing Units | 212 (10.8%) |
| Median Home Value | $108,101 |
| Average Home Value | $134,299 |
Housing Distribution
Address Breakdown
Residential
1,859
Single Family
1,811
Multi-Family
48
Businesses
88
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices