321 N 3rd StHanna CityIL61536
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 321 N 3rd St, Hanna City, IL, 61536 in Hanna City hard to pass up. The 13.88% gross yield on a $135,000 purchase results in $1,562/mo in rent and $626/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.57). Annual cash flow of $7,507, five-year appreciation of $37,298, and $1,243/yr in equity build-up combine for a projected total cumulative return of $91,922.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.9% | 8.0% |
| Monthly Cash Flow | $626 | $300 |
City averages based on Hanna City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,562 |
| Total Monthly Debt Service | $883 |
| DSCR Ratio | 1.77x |
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 1883
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61536, Hanna City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,380 (100%) |
| Owner Occupied HU | 1,093 (79.2%) |
| Renter Occupied HU | 196 (14.2%) |
| Vacant Housing Units | 91 ( 6.6%) |
| Median Home Value | $217,940 |
| Average Home Value | $251,882 |
Housing Distribution
Address Breakdown
Residential
1,162
Single Family
1,110
Multi-Family
52
Businesses
52
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 1883
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61536, Hanna City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,380 (100%) |
| Owner Occupied HU | 1,093 (79.2%) |
| Renter Occupied HU | 196 (14.2%) |
| Vacant Housing Units | 91 ( 6.6%) |
| Median Home Value | $217,940 |
| Average Home Value | $251,882 |
Housing Distribution
Address Breakdown
Residential
1,162
Single Family
1,110
Multi-Family
52
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam J Merrick • Adam Merrick Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1257328
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.