308 E Missouri StOblongIL62449
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Oblong rentals match the income profile of 308 E Missouri St, Oblong, IL, 62449. Listed at $106,000, gross rent is $1,302/mo and net cash flow is $567/mo, a 14.74% yield well above national averages. DSCR 2.73 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $29,286 by year five with $976/yr in annual principal reduction, projecting $77,024 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.7% | 7.0% |
| Monthly Cash Flow | $567 | $150 |
City averages based on Oblong market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,302 |
| Total Monthly Debt Service | $693 |
| DSCR Ratio | 1.88x |
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 N/A
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62449, Oblong, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,371 (100%) |
| Owner Occupied HU | 1,077 (78.6%) |
| Renter Occupied HU | 173 (12.6%) |
| Vacant Housing Units | 121 ( 8.8%) |
| Median Home Value | $132,452 |
| Average Home Value | $193,394 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
1,290
Multi-Family
0
Businesses
96
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 N/A
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62449, Oblong, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,371 (100%) |
| Owner Occupied HU | 1,077 (78.6%) |
| Renter Occupied HU | 173 (12.6%) |
| Vacant Housing Units | 121 ( 8.8%) |
| Median Home Value | $132,452 |
| Average Home Value | $193,394 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
1,290
Multi-Family
0
Businesses
96
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices