205 E 3rd StPleasant PlainsIL62677
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 205 E 3rd St, Pleasant Plains, IL, 62677 in Pleasant Plains: $1,647/mo in rent, $573/mo net, 12.76% gross yield, all on a $154,900 acquisition. The 2.36 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $42,796 in value, and $1,427/yr in principal paydown steadily builds equity. Projected total cumulative return: $96,069.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.8% | 7.5% |
| Monthly Cash Flow | $573 | $150 |
City averages based on Pleasant Plains market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,647 |
| Total Monthly Debt Service | $1,013 |
| DSCR Ratio | 1.63x |
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 1964
9,834 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62677, Pleasant Plains, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,138 (100%) |
| Owner Occupied HU | 955 (83.9%) |
| Renter Occupied HU | 105 ( 9.2%) |
| Vacant Housing Units | 78 ( 6.9%) |
| Median Home Value | $242,655 |
| Average Home Value | $276,123 |
Housing Distribution
Address Breakdown
Residential
920
Single Family
920
Multi-Family
0
Businesses
39
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 1964
9,834 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62677, Pleasant Plains, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,138 (100%) |
| Owner Occupied HU | 955 (83.9%) |
| Renter Occupied HU | 105 ( 9.2%) |
| Vacant Housing Units | 78 ( 6.9%) |
| Median Home Value | $242,655 |
| Average Home Value | $276,123 |
Housing Distribution
Address Breakdown
Residential
920
Single Family
920
Multi-Family
0
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dawn Sunley • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1038043
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.