306 E Martin StForrestIL61741
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe 10.29% yield at 306 E Martin St, Forrest, IL, 61741 in Forrest is solid, but the $533/mo payment compresses net cash flow to $194/mo at $118,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $32,739 by year five, and $1,091/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.91) without U.S. income documentation. Total projected return: $57,848.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.0% |
| Monthly Cash Flow | $194 | $300 |
City averages based on Forrest market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,016 |
| Total Monthly Debt Service | $775 |
| DSCR Ratio | 1.31x |
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 1894
4,224 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61741, Forrest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 672 (100%) |
| Owner Occupied HU | 475 (70.7%) |
| Renter Occupied HU | 116 (17.3%) |
| Vacant Housing Units | 81 (12.1%) |
| Median Home Value | $159,789 |
| Average Home Value | $183,263 |
Housing Distribution
Address Breakdown
Residential
200
Single Family
195
Multi-Family
5
Businesses
61
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 1894
4,224 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61741, Forrest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 672 (100%) |
| Owner Occupied HU | 475 (70.7%) |
| Renter Occupied HU | 116 (17.3%) |
| Vacant Housing Units | 81 (12.1%) |
| Median Home Value | $159,789 |
| Average Home Value | $183,263 |
Housing Distribution
Address Breakdown
Residential
200
Single Family
195
Multi-Family
5
Businesses
61
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices