250 E Liberty StMill ShoalsIL62862
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 250 E Liberty St, Mill Shoals, IL, 62862 in Mill Shoals hard to pass up. The 17.05% gross yield on a $119,000 purchase results in $1,691/mo in rent and $865/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.16). Annual cash flow of $10,385, five-year appreciation of $32,878, and $1,096/yr in equity build-up combine for a projected total cumulative return of $101,261.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.1% | 5.0% |
| Monthly Cash Flow | $865 | $300 |
City averages based on Mill Shoals market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,691 |
| Total Monthly Debt Service | $778 |
| DSCR Ratio | 2.17x |
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.
Manufactured
Built in 2015
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62862, Mill Shoals, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 150 (100%) |
| Owner Occupied HU | 106 (70.7%) |
| Renter Occupied HU | 25 (16.7%) |
| Vacant Housing Units | 19 (12.7%) |
| Median Home Value | $102,778 |
| Average Home Value | $172,712 |
Housing Distribution
Address Breakdown
Residential
128
Single Family
128
Multi-Family
0
Businesses
9
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
Manufactured
Built in 2015
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62862, Mill Shoals, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 150 (100%) |
| Owner Occupied HU | 106 (70.7%) |
| Renter Occupied HU | 25 (16.7%) |
| Vacant Housing Units | 19 (12.7%) |
| Median Home Value | $102,778 |
| Average Home Value | $172,712 |
Housing Distribution
Address Breakdown
Residential
128
Single Family
128
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices