245 E Hamilton StWarrensburgIL62573
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 245 E Hamilton St, Warrensburg, IL, 62573 in Warrensburg worth modelling. At $350,000 with a 8.77% gross yield, the $2,557/mo rent leaves $130/mo after the $1,574/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.62 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $96,699 by year five; $3,224/yr in principal reduction adds further equity. Total projected return: $142,183.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.5% |
| Monthly Cash Flow | $130 | $300 |
City averages based on Warrensburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,557 |
| Total Monthly Debt Service | $2,288 |
| DSCR Ratio | 1.12x |
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 2004
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62573, Warrensburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 686 (100%) |
| Owner Occupied HU | 487 (71.0%) |
| Renter Occupied HU | 110 (16.0%) |
| Vacant Housing Units | 89 (13.0%) |
| Median Home Value | $136,458 |
| Average Home Value | $162,089 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
423
Multi-Family
0
Businesses
35
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 2004
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62573, Warrensburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 686 (100%) |
| Owner Occupied HU | 487 (71.0%) |
| Renter Occupied HU | 110 (16.0%) |
| Vacant Housing Units | 89 (13.0%) |
| Median Home Value | $136,458 |
| Average Home Value | $162,089 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
423
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Vieweg • Vieweg RE/Better Homes & Gardens Real Estate-Service First
Mls Name: CIBR
Mls Provider:
Mls ID: #6253147
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.