308 S Hickory StGlenwoodIL60425
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 308 S Hickory St, Glenwood, IL, 60425 in Glenwood speaks for itself: 10.79% gross on a $297,000 price, generating $2,670/mo in rent and $610/mo in net income after the $1,336/mo debt service. DSCR 2.00, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,319 stacks alongside $82,056 in projected five-year appreciation and $2,735/yr in principal reduction. Projected total cumulative return: $152,871.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 7.5% |
| Monthly Cash Flow | $610 | $300 |
City averages based on Glenwood market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,670 |
| Total Monthly Debt Service | $1,942 |
| DSCR Ratio | 1.37x |
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 1969
7,478 sqft lot
$N/A/sqft
No HOA
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 1969
7,478 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices