31651 West AveMiddletownIL62666
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 31651 West Ave, Middletown, IL, 62666 in Middletown offers a clean, manageable entry. Rental yield 7.05%. DSCR 1.31 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $88,382 in additional property value over five years, with $2,946/yr in principal equity building ownership stake. Total projected cumulative return: $100,499.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 7.0% |
| Monthly Cash Flow | $(340) | $1,200 |
City averages based on Middletown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,879 |
| Total Monthly Debt Service | $2,092 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2023
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62666, Middletown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 249 (100%) |
| Owner Occupied HU | 187 (75.1%) |
| Renter Occupied HU | 30 (12.0%) |
| Vacant Housing Units | 32 (12.9%) |
| Median Home Value | $210,484 |
| Average Home Value | $230,094 |
Housing Distribution
Address Breakdown
Residential
105
Single Family
105
Multi-Family
0
Businesses
14
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 2023
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62666, Middletown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 249 (100%) |
| Owner Occupied HU | 187 (75.1%) |
| Renter Occupied HU | 30 (12.0%) |
| Vacant Housing Units | 32 (12.9%) |
| Median Home Value | $210,484 |
| Average Home Value | $230,094 |
Housing Distribution
Address Breakdown
Residential
105
Single Family
105
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Seth A Goodman • ME Realty
Mls Name: RMLS Alliance
Mls ID: #CA1041774