205 3rd StSherrardIL61281
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 205 3rd St, Sherrard, IL, 61281 in Sherrard hard to pass up. The 14.62% gross yield on a $145,000 purchase results in $1,766/mo in rent and $761/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.71). Annual cash flow of $9,128, five-year appreciation of $40,061, and $1,335/yr in equity build-up combine for a projected total cumulative return of $104,386.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.6% | 7.0% |
| Monthly Cash Flow | $761 | $1,200 |
City averages based on Sherrard market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,766 |
| Total Monthly Debt Service | $948 |
| DSCR Ratio | 1.86x |
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 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61281, Sherrard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,144 (100%) |
| Owner Occupied HU | 951 (83.1%) |
| Renter Occupied HU | 98 ( 8.6%) |
| Vacant Housing Units | 95 ( 8.3%) |
| Median Home Value | $222,949 |
| Average Home Value | $233,906 |
Housing Distribution
Address Breakdown
Residential
908
Single Family
908
Multi-Family
0
Businesses
38
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 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61281, Sherrard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,144 (100%) |
| Owner Occupied HU | 951 (83.1%) |
| Renter Occupied HU | 98 ( 8.6%) |
| Vacant Housing Units | 95 ( 8.3%) |
| Median Home Value | $222,949 |
| Average Home Value | $233,906 |
Housing Distribution
Address Breakdown
Residential
908
Single Family
908
Multi-Family
0
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices