20406 E River RdPalestineIL62451
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 20406 E River Rd, Palestine, IL, 62451 in Palestine speaks for itself: 13.73% gross on a $122,500 price, generating $1,402/mo in rent and $552/mo in net income after the $551/mo debt service. DSCR 2.54, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,623 stacks alongside $33,844 in projected five-year appreciation and $1,128/yr in principal reduction. Projected total cumulative return: $82,382.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.7% | 7.5% |
| Monthly Cash Flow | $552 | $250 |
City averages based on Palestine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,402 |
| Total Monthly Debt Service | $801 |
| DSCR Ratio | 1.75x |
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 1978
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62451, Palestine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 992 (100%) |
| Owner Occupied HU | 726 (73.2%) |
| Renter Occupied HU | 140 (14.1%) |
| Vacant Housing Units | 126 (12.7%) |
| Median Home Value | $113,924 |
| Average Home Value | $159,332 |
Housing Distribution
Address Breakdown
Residential
922
Single Family
922
Multi-Family
0
Businesses
80
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 1978
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62451, Palestine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 992 (100%) |
| Owner Occupied HU | 726 (73.2%) |
| Renter Occupied HU | 140 (14.1%) |
| Vacant Housing Units | 126 (12.7%) |
| Median Home Value | $113,924 |
| Average Home Value | $159,332 |
Housing Distribution
Address Breakdown
Residential
922
Single Family
922
Multi-Family
0
Businesses
80
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices