21820 W Railroad StMarengoIL60152
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 21820 W Railroad St, Marengo, IL, 60152 in Marengo. Rental yield 1.44%. At $1,495,500 with 1.44% gross yield, current distributions are modest, but the 5% appreciation rate projects $413,179 in new equity by year five, complemented by $13,774/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.27) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $20,239.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.4% | 7.0% |
| Monthly Cash Flow | $(8,573) | $1,200 |
City averages based on Marengo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,800 |
| Total Monthly Debt Service | $9,778 |
| DSCR Ratio | 0.18x |
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 N/A
119 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60152, Marengo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,144 (100%) |
| Owner Occupied HU | 3,846 (74.8%) |
| Renter Occupied HU | 1,057 (20.5%) |
| Vacant Housing Units | 241 ( 4.7%) |
| Median Home Value | $328,944 |
| Average Home Value | $356,481 |
Housing Distribution
Address Breakdown
Residential
4,876
Single Family
4,690
Multi-Family
186
Businesses
326
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 N/A
119 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60152, Marengo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,144 (100%) |
| Owner Occupied HU | 3,846 (74.8%) |
| Renter Occupied HU | 1,057 (20.5%) |
| Vacant Housing Units | 241 ( 4.7%) |
| Median Home Value | $328,944 |
| Average Home Value | $356,481 |
Housing Distribution
Address Breakdown
Residential
4,876
Single Family
4,690
Multi-Family
186
Businesses
326
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices