304 E South 1st StRed BudIL62278
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 304 E South 1st St, Red Bud, IL, 62278 in Red Bud is narrow, $97/mo net on $1,198/mo rent after the $714/mo debt service, but the property operates at break-even-plus, not a loss. At $158,800 with a 9.05% yield, the long-run equity case via 5% appreciation ($43,874 over five years) and $1,463/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.68 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $66,954.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 8.0% |
| Monthly Cash Flow | $97 | $250 |
City averages based on Red Bud market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,198 |
| Total Monthly Debt Service | $1,038 |
| 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 1893
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62278, Red Bud, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,001 (100%) |
| Owner Occupied HU | 2,213 (73.7%) |
| Renter Occupied HU | 542 (18.1%) |
| Vacant Housing Units | 246 ( 8.2%) |
| Median Home Value | $215,244 |
| Average Home Value | $242,262 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,719
Multi-Family
74
Businesses
247
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 1893
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62278, Red Bud, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,001 (100%) |
| Owner Occupied HU | 2,213 (73.7%) |
| Renter Occupied HU | 542 (18.1%) |
| Vacant Housing Units | 246 ( 8.2%) |
| Median Home Value | $215,244 |
| Average Home Value | $242,262 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,719
Multi-Family
74
Businesses
247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices