202 W Mound StGirardIL62640
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.76% yield at 202 W Mound St, Girard, IL, 62640 in Girard is solid, but the $710/mo payment compresses net cash flow to $189/mo at $158,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $43,652 by year five, and $1,455/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.81) without U.S. income documentation. Total projected return: $72,667.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 7.0% |
| Monthly Cash Flow | $189 | $150 |
City averages based on Girard market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,285 |
| Total Monthly Debt Service | $1,033 |
| DSCR Ratio | 1.24x |
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 N/A
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62640, Girard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,769 (100%) |
| Owner Occupied HU | 1,192 (67.4%) |
| Renter Occupied HU | 311 (17.6%) |
| Vacant Housing Units | 266 (15.0%) |
| Median Home Value | $168,254 |
| Average Home Value | $205,048 |
Housing Distribution
Address Breakdown
Residential
1,545
Single Family
1,516
Multi-Family
29
Businesses
79
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 N/A
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62640, Girard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,769 (100%) |
| Owner Occupied HU | 1,192 (67.4%) |
| Renter Occupied HU | 311 (17.6%) |
| Vacant Housing Units | 266 (15.0%) |
| Median Home Value | $168,254 |
| Average Home Value | $205,048 |
Housing Distribution
Address Breakdown
Residential
1,545
Single Family
1,516
Multi-Family
29
Businesses
79
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori M Smith • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035495
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.