203 S Illinois StLewistownIL61542
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 203 S Illinois St, Lewistown, IL, 61542 in Lewistown, $249,900, 8.38% gross yield, $12/mo net income. Consider it a market-entry position, the $1,745/mo rent covers the $1,124/mo payment with a margin, and 5%/yr appreciation is projected to add $69,043 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.55) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $96,305.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 8.5% |
| Monthly Cash Flow | $12 | $350 |
City averages based on Lewistown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,745 |
| Total Monthly Debt Service | $1,634 |
| DSCR Ratio | 1.07x |
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 1924
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61542, Lewistown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,749 (100%) |
| Owner Occupied HU | 1,086 (62.1%) |
| Renter Occupied HU | 386 (22.1%) |
| Vacant Housing Units | 277 (15.8%) |
| Median Home Value | $128,538 |
| Average Home Value | $202,569 |
Housing Distribution
Address Breakdown
Residential
1,578
Single Family
1,458
Multi-Family
120
Businesses
116
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 1924
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61542, Lewistown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,749 (100%) |
| Owner Occupied HU | 1,086 (62.1%) |
| Renter Occupied HU | 386 (22.1%) |
| Vacant Housing Units | 277 (15.8%) |
| Median Home Value | $128,538 |
| Average Home Value | $202,569 |
Housing Distribution
Address Breakdown
Residential
1,578
Single Family
1,458
Multi-Family
120
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samantha J Braden • Rhoades Real Estate & Land Auc
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1253341
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.