318 E 7th StStauntonIL62088
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 318 E 7th St, Staunton, IL, 62088 in Staunton at $119,000 earns $900/mo in rent and nets $75/mo after the $535/mo payment, a 9.08% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $32,878 over five years. Ziffy Mortgage underwrites this on a 1.68 DSCR without U.S. credit history. With $1,096/yr in principal paydown, total projected return reaches $50,369.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 8.0% |
| Monthly Cash Flow | $75 | $1,500 |
City averages based on Staunton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $900 |
| Total Monthly Debt Service | $778 |
| DSCR Ratio | 1.16x |
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 1946
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62088, Staunton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,076 (100%) |
| Owner Occupied HU | 2,121 (69.0%) |
| Renter Occupied HU | 659 (21.4%) |
| Vacant Housing Units | 296 ( 9.6%) |
| Median Home Value | $151,474 |
| Average Home Value | $187,077 |
Housing Distribution
Address Breakdown
Residential
2,953
Single Family
2,876
Multi-Family
77
Businesses
185
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 1946
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62088, Staunton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,076 (100%) |
| Owner Occupied HU | 2,121 (69.0%) |
| Renter Occupied HU | 659 (21.4%) |
| Vacant Housing Units | 296 ( 9.6%) |
| Median Home Value | $151,474 |
| Average Home Value | $187,077 |
Housing Distribution
Address Breakdown
Residential
2,953
Single Family
2,876
Multi-Family
77
Businesses
185
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices