209 Buchanan DrWatermanIL60556
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow209 Buchanan Dr, Waterman, IL, 60556 in Waterman earns its strong cash-flow label: 10.52% yield, $3,060/mo rent, $639/mo net income, DSCR 1.95. The $348,990 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $96,420 by year five. Combined with $3,214/yr in principal paydown, total projected return reaches $174,647.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.0% |
| Monthly Cash Flow | $639 | $200 |
City averages based on Waterman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,060 |
| Total Monthly Debt Service | $2,282 |
| DSCR Ratio | 1.34x |
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 2026
10,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60556, Waterman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 858 (100%) |
| Owner Occupied HU | 625 (72.8%) |
| Renter Occupied HU | 164 (19.1%) |
| Vacant Housing Units | 69 ( 8.0%) |
| Median Home Value | $262,649 |
| Average Home Value | $295,472 |
Housing Distribution
Address Breakdown
Residential
673
Single Family
648
Multi-Family
25
Businesses
55
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 2026
10,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60556, Waterman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 858 (100%) |
| Owner Occupied HU | 625 (72.8%) |
| Renter Occupied HU | 164 (19.1%) |
| Vacant Housing Units | 69 ( 8.0%) |
| Median Home Value | $262,649 |
| Average Home Value | $295,472 |
Housing Distribution
Address Breakdown
Residential
673
Single Family
648
Multi-Family
25
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices