21702 N Fern Lake RdDennisonIL62423
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 21702 N Fern Lake Rd, Dennison, IL, 62423 in Dennison at $1,022,000, 1.1% gross yield, is a market-growth asset. Rental yield 1.1%. The $937/mo rent partially funds the $4,596/mo debt service; the core return is the 5%/yr price growth projected to add $282,360 over five years. Ziffy Mortgage's DSCR mortgage (0.20) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.1% | 6.0% |
| Monthly Cash Flow | $(6,152) | $250 |
City averages based on Dennison market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $937 |
| Total Monthly Debt Service | $6,682 |
| DSCR Ratio | 0.14x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1930
130 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62423, Dennison, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 296 (100%) |
| Owner Occupied HU | 237 (80.1%) |
| Renter Occupied HU | 30 (10.1%) |
| Vacant Housing Units | 29 ( 9.8%) |
| Median Home Value | $157,933 |
| Average Home Value | $191,519 |
Housing Distribution
Address Breakdown
Residential
287
Single Family
287
Multi-Family
0
Businesses
4
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 1930
130 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62423, Dennison, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 296 (100%) |
| Owner Occupied HU | 237 (80.1%) |
| Renter Occupied HU | 30 (10.1%) |
| Vacant Housing Units | 29 ( 9.8%) |
| Median Home Value | $157,933 |
| Average Home Value | $191,519 |
Housing Distribution
Address Breakdown
Residential
287
Single Family
287
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices