314 W Locust StCambridgeIL61238
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 314 W Locust St, Cambridge, IL, 61238 in Cambridge worth modelling. At $149,900 with a 9.41% gross yield, the $1,599/mo rent leaves $135/mo after the $674/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 2.37 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $41,415 by year five; $1,381/yr in principal reduction adds further equity. Total projected return: $93,323.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.0% |
| Monthly Cash Flow | $135 | $300 |
City averages based on Cambridge market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,599 |
| Total Monthly Debt Service | $980 |
| 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 1913
0.32 Acres 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 1913
0.32 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Abby McAlister • Real Broker, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4263429
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.