318 Spruce StDixonIL61021
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 318 Spruce St, Dixon, IL, 61021 in Dixon. At $139,000 it earns $1,183/mo in rent and distributes $219/mo to the owner after the $625/mo payment, a consistent 10.21% yield. DSCR 1.89 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $38,403 in value; $1,280/yr in principal paydown compounds ownership stake. Total projected return: $67,292.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 9.0% |
| Monthly Cash Flow | $219 | $300 |
City averages based on Dixon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,183 |
| Total Monthly Debt Service | $909 |
| DSCR Ratio | 1.30x |
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 1931
5,808 sqft 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 1931
5,808 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices