310 N East StHomerIL61849
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 310 N East St, Homer, IL, 61849 in Homer deserves attention. This $194,500 property earns $2,064/mo in rent, a 12.7% gross yield, and nets $711/mo after the $875/mo payment. DSCR 2.36 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $53,737 compounds alongside $1,791/yr in yearly equity build, for a total cumulative return of $120,353.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.7% | 8.0% |
| Monthly Cash Flow | $711 | $500 |
City averages based on Homer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,064 |
| Total Monthly Debt Service | $1,272 |
| DSCR Ratio | 1.62x |
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 1916
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61849, Homer, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 805 (100%) |
| Owner Occupied HU | 643 (79.9%) |
| Renter Occupied HU | 104 (12.9%) |
| Vacant Housing Units | 58 ( 7.2%) |
| Median Home Value | $235,870 |
| Average Home Value | $254,393 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
54
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 1916
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61849, Homer, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 805 (100%) |
| Owner Occupied HU | 643 (79.9%) |
| Renter Occupied HU | 104 (12.9%) |
| Vacant Housing Units | 58 ( 7.2%) |
| Median Home Value | $235,870 |
| Average Home Value | $254,393 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
54
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices