202 E Monroe StTowandaIL61776
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 202 E Monroe St, Towanda, IL, 61776 in Towanda deserves attention. This $184,900 property earns $2,400/mo in rent, a 15.58% gross yield, and nets $1,118/mo after the $831/mo payment. DSCR 2.89 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $51,084 compounds alongside $1,703/yr in yearly equity build, for a total cumulative return of $142,676.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.6% | 7.0% |
| Monthly Cash Flow | $1,118 | $1,200 |
City averages based on Towanda market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,400 |
| Total Monthly Debt Service | $1,209 |
| DSCR Ratio | 1.99x |
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 1923
8,760 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61776, Towanda, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 546 (100%) |
| Owner Occupied HU | 433 (79.3%) |
| Renter Occupied HU | 71 (13.0%) |
| Vacant Housing Units | 42 ( 7.7%) |
| Median Home Value | $370,611 |
| Average Home Value | $422,344 |
Housing Distribution
Address Breakdown
Residential
414
Single Family
414
Multi-Family
0
Businesses
32
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 1923
8,760 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61776, Towanda, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 546 (100%) |
| Owner Occupied HU | 433 (79.3%) |
| Renter Occupied HU | 71 (13.0%) |
| Vacant Housing Units | 42 ( 7.7%) |
| Median Home Value | $370,611 |
| Average Home Value | $422,344 |
Housing Distribution
Address Breakdown
Residential
414
Single Family
414
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices