205 E Liberty StMill ShoalsIL62862
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 205 E Liberty St, Mill Shoals, IL, 62862 in Mill Shoals, $189,000, 9.37% gross yield, $165/mo net income. Consider it a market-entry position, the $1,476/mo rent covers the $850/mo payment with a margin, and 5%/yr appreciation is projected to add $52,217 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.74) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $82,943.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 5.0% |
| Monthly Cash Flow | $165 | $300 |
City averages based on Mill Shoals market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,476 |
| Total Monthly Debt Service | $1,236 |
| 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.
Manufactured
Built in 2015
8.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62862, Mill Shoals, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 150 (100%) |
| Owner Occupied HU | 106 (70.7%) |
| Renter Occupied HU | 25 (16.7%) |
| Vacant Housing Units | 19 (12.7%) |
| Median Home Value | $102,778 |
| Average Home Value | $172,712 |
Housing Distribution
Address Breakdown
Residential
128
Single Family
128
Multi-Family
0
Businesses
9
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
Manufactured
Built in 2015
8.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62862, Mill Shoals, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 150 (100%) |
| Owner Occupied HU | 106 (70.7%) |
| Renter Occupied HU | 25 (16.7%) |
| Vacant Housing Units | 19 (12.7%) |
| Median Home Value | $102,778 |
| Average Home Value | $172,712 |
Housing Distribution
Address Breakdown
Residential
128
Single Family
128
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda D. Tucker • Pollard Realty
Mls Name: My State MLS
Mls ID: #11413271