316 7th StLa SalleIL61301
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 316 7th St, La Salle, IL, 61301 in La Salle at $129,900 earns $1,008/mo in rent and nets $107/mo after the $584/mo payment, a 9.31% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $35,889 over five years. Ziffy Mortgage underwrites this on a 1.73 DSCR without U.S. credit history. With $1,196/yr in principal paydown, total projected return reaches $56,588.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.0% |
| Monthly Cash Flow | $107 | $300 |
City averages based on La Salle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,008 |
| Total Monthly Debt Service | $849 |
| DSCR Ratio | 1.19x |
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 1923
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61301, La Salle, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,881 (100%) |
| Owner Occupied HU | 2,845 (58.3%) |
| Renter Occupied HU | 1,595 (32.7%) |
| Vacant Housing Units | 441 ( 9.0%) |
| Median Home Value | $153,067 |
| Average Home Value | $211,757 |
Housing Distribution
Address Breakdown
Residential
4,558
Single Family
4,307
Multi-Family
251
Businesses
464
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 1923
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61301, La Salle, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,881 (100%) |
| Owner Occupied HU | 2,845 (58.3%) |
| Renter Occupied HU | 1,595 (32.7%) |
| Vacant Housing Units | 441 ( 9.0%) |
| Median Home Value | $153,067 |
| Average Home Value | $211,757 |
Housing Distribution
Address Breakdown
Residential
4,558
Single Family
4,307
Multi-Family
251
Businesses
464
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices