302 Oak StAdairIL61411
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 302 Oak St, Adair, IL, 61411 in Adair is narrow, $73/mo net on $954/mo rent after the $571/mo debt service, but the property operates at break-even-plus, not a loss. At $127,000 with a 9.01% yield, the long-run equity case via 5% appreciation ($35,088 over five years) and $1,170/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.67 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $53,295.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.0% |
| Monthly Cash Flow | $73 | $1,200 |
City averages based on Adair market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $954 |
| Total Monthly Debt Service | $830 |
| 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 1926
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61411, Adair, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 174 (100%) |
| Owner Occupied HU | 139 (79.9%) |
| Renter Occupied HU | 16 ( 9.2%) |
| Vacant Housing Units | 19 (10.9%) |
| Median Home Value | $117,330 |
| Average Home Value | $132,626 |
Housing Distribution
Address Breakdown
Residential
144
Single Family
144
Multi-Family
0
Businesses
10
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 1926
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61411, Adair, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 174 (100%) |
| Owner Occupied HU | 139 (79.9%) |
| Renter Occupied HU | 16 ( 9.2%) |
| Vacant Housing Units | 19 (10.9%) |
| Median Home Value | $117,330 |
| Average Home Value | $132,626 |
Housing Distribution
Address Breakdown
Residential
144
Single Family
144
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thelma L Smiddy • RE/MAX Unified Brokers
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1257506
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.