308 W North StCooksvilleIL61728
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 308 W North St, Cooksville, IL, 61728 in Cooksville. Priced at $114,900, it generates $1,689/mo in gross rent and $892/mo in net monthly cash flow, a 17.64% yield that comfortably supports the 3.27 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,704. Five-year appreciation: $31,745. Equity from principal paydown: $1,058/yr. Total projected cumulative return: $101,354.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.6% | 6.0% |
| Monthly Cash Flow | $892 | $1,500 |
City averages based on Cooksville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,689 |
| Total Monthly Debt Service | $751 |
| DSCR Ratio | 2.25x |
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 1966
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61728, Colfax, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 606 (100%) |
| Owner Occupied HU | 469 (77.4%) |
| Renter Occupied HU | 92 (15.2%) |
| Vacant Housing Units | 45 ( 7.4%) |
| Median Home Value | $164,338 |
| Average Home Value | $211,599 |
Housing Distribution
Address Breakdown
Residential
499
Single Family
499
Multi-Family
0
Businesses
41
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 1966
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61728, Colfax, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 606 (100%) |
| Owner Occupied HU | 469 (77.4%) |
| Renter Occupied HU | 92 (15.2%) |
| Vacant Housing Units | 45 ( 7.4%) |
| Median Home Value | $164,338 |
| Average Home Value | $211,599 |
Housing Distribution
Address Breakdown
Residential
499
Single Family
499
Multi-Family
0
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Larissa Seggerman • RE/MAX Choice
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12399409