2204 Western AveMattoonIL61938
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2204 Western Ave, Mattoon, IL, 61938 in Mattoon is a top-tier cash-flow asset. At $169,000 it produces $3,000/mo in rent and $1,805/mo in net monthly income, a 21.3% gross rental yield. The DSCR of 3.95 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $21,665. Five-year appreciation adds $46,692, driving a total cumulative return of $180,931.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 21.3% | 8.0% |
| Monthly Cash Flow | $1,805 | $300 |
City averages based on Mattoon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,000 |
| Total Monthly Debt Service | $1,127 |
| DSCR Ratio | 2.66x |
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.
Multi Family
Built in 1856
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61938, Mattoon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,452 (100%) |
| Owner Occupied HU | 5,908 (56.5%) |
| Renter Occupied HU | 3,244 (31.0%) |
| Vacant Housing Units | 1,300 (12.4%) |
| Median Home Value | $120,975 |
| Average Home Value | $155,596 |
Housing Distribution
Address Breakdown
Residential
9,742
Single Family
9,027
Multi-Family
715
Businesses
936
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
Multi Family
Built in 1856
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61938, Mattoon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,452 (100%) |
| Owner Occupied HU | 5,908 (56.5%) |
| Renter Occupied HU | 3,244 (31.0%) |
| Vacant Housing Units | 1,300 (12.4%) |
| Median Home Value | $120,975 |
| Average Home Value | $155,596 |
Housing Distribution
Address Breakdown
Residential
9,742
Single Family
9,027
Multi-Family
715
Businesses
936
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices