304 Locust StMineralIL61344
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 304 Locust St, Mineral, IL, 61344 in Mineral at $175,000 earns $1,381/mo in rent and nets $167/mo after the $787/mo payment, a 9.47% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $48,349 over five years. Ziffy Mortgage underwrites this on a 1.75 DSCR without U.S. credit history. With $1,612/yr in principal paydown, total projected return reaches $77,685.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 5.0% |
| Monthly Cash Flow | $167 | $150 |
City averages based on Mineral market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,381 |
| Total Monthly Debt Service | $1,144 |
| DSCR Ratio | 1.21x |
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 1910
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61344, Mineral, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 173 (100%) |
| Owner Occupied HU | 127 (73.4%) |
| Renter Occupied HU | 26 (15.0%) |
| Vacant Housing Units | 20 (11.6%) |
| Median Home Value | $182,955 |
| Average Home Value | $231,339 |
Housing Distribution
Address Breakdown
Residential
76
Single Family
76
Multi-Family
0
Businesses
9
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 1910
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61344, Mineral, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 173 (100%) |
| Owner Occupied HU | 127 (73.4%) |
| Renter Occupied HU | 26 (15.0%) |
| Vacant Housing Units | 20 (11.6%) |
| Median Home Value | $182,955 |
| Average Home Value | $231,339 |
Housing Distribution
Address Breakdown
Residential
76
Single Family
76
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices