231 N Madison StPittsfieldIL62363
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 231 N Madison St, Pittsfield, IL, 62363 in Pittsfield at $280,200. Rental yield 6.86%. The 6.86% yield and 1.27 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $77,414 by year five, and $2,581/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $85,170.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.9% | 7.0% |
| Monthly Cash Flow | $(342) | $300 |
City averages based on Pittsfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,602 |
| Total Monthly Debt Service | $1,832 |
| DSCR Ratio | 0.87x |
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 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62363, Pittsfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,738 (100%) |
| Owner Occupied HU | 1,786 (65.2%) |
| Renter Occupied HU | 576 (21.0%) |
| Vacant Housing Units | 376 (13.7%) |
| Median Home Value | $141,274 |
| Average Home Value | $166,190 |
Housing Distribution
Address Breakdown
Residential
2,402
Single Family
2,381
Multi-Family
21
Businesses
304
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 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62363, Pittsfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,738 (100%) |
| Owner Occupied HU | 1,786 (65.2%) |
| Renter Occupied HU | 576 (21.0%) |
| Vacant Housing Units | 376 (13.7%) |
| Median Home Value | $141,274 |
| Average Home Value | $166,190 |
Housing Distribution
Address Breakdown
Residential
2,402
Single Family
2,381
Multi-Family
21
Businesses
304
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A