312 E Clay StTroyIL62294
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 312 E Clay St, Troy, IL, 62294 in Troy is listed at $123,000 and delivers $1,313/mo in rent and $460/mo in net monthly cash flow. The 12.81% yield and 2.37 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $33,983 over five years, and $1,133/yr in principal reduction supplements cash return. Total projected cumulative return: $76,654.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.8% | 8.0% |
| Monthly Cash Flow | $460 | $300 |
City averages based on Troy market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,313 |
| Total Monthly Debt Service | $804 |
| DSCR Ratio | 1.63x |
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 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62294, Troy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,266 (100%) |
| Owner Occupied HU | 4,801 (76.6%) |
| Renter Occupied HU | 1,178 (18.8%) |
| Vacant Housing Units | 287 ( 4.6%) |
| Median Home Value | $288,039 |
| Average Home Value | $330,237 |
Housing Distribution
Address Breakdown
Residential
6,258
Single Family
6,098
Multi-Family
160
Businesses
360
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 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62294, Troy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,266 (100%) |
| Owner Occupied HU | 4,801 (76.6%) |
| Renter Occupied HU | 1,178 (18.8%) |
| Vacant Housing Units | 287 ( 4.6%) |
| Median Home Value | $288,039 |
| Average Home Value | $330,237 |
Housing Distribution
Address Breakdown
Residential
6,258
Single Family
6,098
Multi-Family
160
Businesses
360
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices