202 E Chicago AveDavis JunctionIL61020
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow202 E Chicago Ave, Davis Junction, IL, 61020 in Davis Junction is a solid income-producing rental, 10.08% gross yield, $1,511/mo rent, $263/mo net cash flow on a $179,900 buy. DSCR 1.87 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $49,703 and $1,657/yr in principal reduction project a total cumulative return of $85,750.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.0% |
| Monthly Cash Flow | $263 | $250 |
City averages based on Davis Junction market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,511 |
| Total Monthly Debt Service | $1,176 |
| DSCR Ratio | 1.28x |
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 1920
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61020, Davis Junction, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,143 (100%) |
| Owner Occupied HU | 976 (85.4%) |
| Renter Occupied HU | 81 ( 7.1%) |
| Vacant Housing Units | 86 ( 7.5%) |
| Median Home Value | $207,593 |
| Average Home Value | $225,679 |
Housing Distribution
Address Breakdown
Residential
1,092
Single Family
1,092
Multi-Family
0
Businesses
43
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 1920
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61020, Davis Junction, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,143 (100%) |
| Owner Occupied HU | 976 (85.4%) |
| Renter Occupied HU | 81 ( 7.1%) |
| Vacant Housing Units | 86 ( 7.5%) |
| Median Home Value | $207,593 |
| Average Home Value | $225,679 |
Housing Distribution
Address Breakdown
Residential
1,092
Single Family
1,092
Multi-Family
0
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ginny Meyer • Gambino Realtors
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202503380