208 Monroe StSaint JosephIL61873
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 208 Monroe St, Saint Joseph, IL, 61873 in Saint Joseph is straightforward: $145,500 in, $1,316/mo in rent, $230/mo out after debt service. The 10.09% gross yield and 2.01 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $40,199 by year five. With $1,340/yr in principal equity, the total cumulative return is projected at $75,402.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.0% |
| Monthly Cash Flow | $230 | $1,500 |
City averages based on Saint Joseph market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,316 |
| Total Monthly Debt Service | $951 |
| DSCR Ratio | 1.38x |
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 1905
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61873, Saint Joseph, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,391 (100%) |
| Owner Occupied HU | 1,991 (83.3%) |
| Renter Occupied HU | 296 (12.4%) |
| Vacant Housing Units | 104 ( 4.3%) |
| Median Home Value | $268,318 |
| Average Home Value | $282,628 |
Housing Distribution
Address Breakdown
Residential
2,087
Single Family
2,034
Multi-Family
53
Businesses
119
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 1905
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61873, Saint Joseph, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,391 (100%) |
| Owner Occupied HU | 1,991 (83.3%) |
| Renter Occupied HU | 296 (12.4%) |
| Vacant Housing Units | 104 ( 4.3%) |
| Median Home Value | $268,318 |
| Average Home Value | $282,628 |
Housing Distribution
Address Breakdown
Residential
2,087
Single Family
2,034
Multi-Family
53
Businesses
119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Creg McDonald • Realty Select One
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12438560