300 N Lincoln StThomasboroIL61878
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow300 N Lincoln St, Thomasboro, IL, 61878 in Thomasboro is a solid income-producing rental, 10.63% gross yield, $1,895/mo rent, $411/mo net cash flow on a $214,000 buy. DSCR 1.97 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $59,124 and $1,971/yr in principal reduction project a total cumulative return of $108,336.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 7.0% |
| Monthly Cash Flow | $411 | $1,200 |
City averages based on Thomasboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,895 |
| Total Monthly Debt Service | $1,399 |
| DSCR Ratio | 1.35x |
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 1958
8,184 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61878, Thomasboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 412 (62.7%) |
| Renter Occupied HU | 178 (27.1%) |
| Vacant Housing Units | 67 (10.2%) |
| Median Home Value | $131,061 |
| Average Home Value | $191,468 |
Housing Distribution
Address Breakdown
Residential
491
Single Family
491
Multi-Family
0
Businesses
30
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 1958
8,184 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61878, Thomasboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 412 (62.7%) |
| Renter Occupied HU | 178 (27.1%) |
| Vacant Housing Units | 67 (10.2%) |
| Median Home Value | $131,061 |
| Average Home Value | $191,468 |
Housing Distribution
Address Breakdown
Residential
491
Single Family
491
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly Krisman-Clark • RE/MAX REALTY ASSOCIATES-CHA
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12511125