288 State Route 89 RdWashburnIL61570
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 288 State Route 89 Rd, Washburn, IL, 61570 in Washburn worth modelling. At $150,000 with a 9.03% gross yield, the $1,129/mo rent leaves $89/mo after the $674/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.68 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $41,442 by year five; $1,382/yr in principal reduction adds further equity. Total projected return: $63,116.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.0% |
| Monthly Cash Flow | $89 | $300 |
City averages based on Washburn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,129 |
| Total Monthly Debt Service | $981 |
| DSCR Ratio | 1.15x |
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 1965
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61570, Washburn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 745 (100%) |
| Owner Occupied HU | 542 (72.8%) |
| Renter Occupied HU | 131 (17.6%) |
| Vacant Housing Units | 72 ( 9.7%) |
| Median Home Value | $142,500 |
| Average Home Value | $195,037 |
Housing Distribution
Address Breakdown
Residential
605
Single Family
595
Multi-Family
10
Businesses
46
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 1965
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61570, Washburn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 745 (100%) |
| Owner Occupied HU | 542 (72.8%) |
| Renter Occupied HU | 131 (17.6%) |
| Vacant Housing Units | 72 ( 9.7%) |
| Median Home Value | $142,500 |
| Average Home Value | $195,037 |
Housing Distribution
Address Breakdown
Residential
605
Single Family
595
Multi-Family
10
Businesses
46
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices