204 SE 4th StCaseyIL62420
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.8% yield at 204 SE 4th St, Casey, IL, 62420 in Casey is solid, but the $679/mo payment compresses net cash flow to $186/mo at $151,000. 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 $41,719 by year five, and $1,391/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.82) without U.S. income documentation. Total projected return: $69,768.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 8.0% |
| Monthly Cash Flow | $186 | $400 |
City averages based on Casey market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,234 |
| Total Monthly Debt Service | $987 |
| DSCR Ratio | 1.25x |
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 1954
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62420, Casey, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,027 (100%) |
| Owner Occupied HU | 1,431 (70.6%) |
| Renter Occupied HU | 334 (16.5%) |
| Vacant Housing Units | 262 (12.9%) |
| Median Home Value | $130,452 |
| Average Home Value | $181,298 |
Housing Distribution
Address Breakdown
Residential
1,846
Single Family
1,843
Multi-Family
3
Businesses
193
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 1954
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62420, Casey, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,027 (100%) |
| Owner Occupied HU | 1,431 (70.6%) |
| Renter Occupied HU | 334 (16.5%) |
| Vacant Housing Units | 262 (12.9%) |
| Median Home Value | $130,452 |
| Average Home Value | $181,298 |
Housing Distribution
Address Breakdown
Residential
1,846
Single Family
1,843
Multi-Family
3
Businesses
193
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
