305 N Poplar StAssumptionIL62510
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Assumption rental at 305 N Poplar St, Assumption, IL, 62510 sits in the solid-income band: 12.23% gross yield, $1,508/mo rent, $482/mo net after the $666/mo debt service, DSCR 2.26. Entry price of $148,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $40,890 and $1,363/yr in principal reduction bring total cumulative return to $87,551.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.2% | 6.0% |
| Monthly Cash Flow | $482 | $300 |
City averages based on Assumption market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,508 |
| Total Monthly Debt Service | $968 |
| DSCR Ratio | 1.56x |
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 1890
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62510, Assumption, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 739 (100%) |
| Owner Occupied HU | 523 (70.8%) |
| Renter Occupied HU | 137 (18.5%) |
| Vacant Housing Units | 79 (10.7%) |
| Median Home Value | $87,404 |
| Average Home Value | $151,463 |
Housing Distribution
Address Breakdown
Residential
705
Single Family
688
Multi-Family
17
Businesses
69
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 1890
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62510, Assumption, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 739 (100%) |
| Owner Occupied HU | 523 (70.8%) |
| Renter Occupied HU | 137 (18.5%) |
| Vacant Housing Units | 79 (10.7%) |
| Median Home Value | $87,404 |
| Average Home Value | $151,463 |
Housing Distribution
Address Breakdown
Residential
705
Single Family
688
Multi-Family
17
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacy Spracklen • Carol & Company
Mls Name: CIBR
Mls Provider:
Mls ID: #6251860
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.