301 Prairie DrDieterichIL62424
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 301 Prairie Dr, Dieterich, IL, 62424 in Dieterich achieves 1.51, rent of $2,296/mo covers the $1,520/mo payment 1.5x over at $338,000. Rental yield 8.15%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $93,383 over five years, with $3,113/yr in principal reduction bringing total projected return to $126,146.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.0% |
| Monthly Cash Flow | $(49) | $150 |
City averages based on Dieterich market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,296 |
| Total Monthly Debt Service | $2,210 |
| DSCR Ratio | 1.04x |
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
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62424, Dieterich, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 936 (100%) |
| Owner Occupied HU | 798 (85.3%) |
| Renter Occupied HU | 94 (10.0%) |
| Vacant Housing Units | 44 ( 4.7%) |
| Median Home Value | $248,881 |
| Average Home Value | $304,944 |
Housing Distribution
Address Breakdown
Residential
852
Single Family
852
Multi-Family
0
Businesses
59
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
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62424, Dieterich, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 936 (100%) |
| Owner Occupied HU | 798 (85.3%) |
| Renter Occupied HU | 94 (10.0%) |
| Vacant Housing Units | 44 ( 4.7%) |
| Median Home Value | $248,881 |
| Average Home Value | $304,944 |
Housing Distribution
Address Breakdown
Residential
852
Single Family
852
Multi-Family
0
Businesses
59
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices