204 Mill StChambersburgIL62323
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 204 Mill St, Chambersburg, IL, 62323 in Chambersburg, $125,000, 9.32% gross yield, $104/mo net income. Consider it a market-entry position, the $971/mo rent covers the $562/mo payment with a margin, and 5%/yr appreciation is projected to add $34,535 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.73) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $54,511.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 8.0% |
| Monthly Cash Flow | $104 | $250 |
City averages based on Chambersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $971 |
| Total Monthly Debt Service | $817 |
| DSCR Ratio | 1.19x |
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 1960
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62323, Chambersburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 123 (100%) |
| Owner Occupied HU | 63 (51.2%) |
| Renter Occupied HU | 19 (15.4%) |
| Vacant Housing Units | 41 (33.3%) |
| Median Home Value | $141,250 |
| Average Home Value | $185,833 |
Housing Distribution
Address Breakdown
Residential
129
Single Family
129
Multi-Family
0
Businesses
2
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 1960
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62323, Chambersburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 123 (100%) |
| Owner Occupied HU | 63 (51.2%) |
| Renter Occupied HU | 19 (15.4%) |
| Vacant Housing Units | 41 (33.3%) |
| Median Home Value | $141,250 |
| Average Home Value | $185,833 |
Housing Distribution
Address Breakdown
Residential
129
Single Family
129
Multi-Family
0
Businesses
2
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melanie Berry • Real Estate Center of Jacksonv
Mls Name: RMLS Alliance
Mls ID: #CA1038977