323 N Dye StVirdenIL62690
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 323 N Dye St, Virden, IL, 62690 in Virden at $174,900 earns $1,396/mo in rent and nets $183/mo after the $786/mo payment, a 9.58% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $48,322 over five years. Ziffy Mortgage underwrites this on a 1.78 DSCR without U.S. credit history. With $1,611/yr in principal paydown, total projected return reaches $78,685.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 7.0% |
| Monthly Cash Flow | $183 | $300 |
City averages based on Virden market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,396 |
| Total Monthly Debt Service | $1,144 |
| DSCR Ratio | 1.22x |
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 N/A
10,502 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62690, Virden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,210 (65.2%) |
| Renter Occupied HU | 423 (22.8%) |
| Vacant Housing Units | 223 (12.0%) |
| Median Home Value | $114,819 |
| Average Home Value | $148,977 |
Housing Distribution
Address Breakdown
Residential
1,674
Single Family
1,656
Multi-Family
18
Businesses
143
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 N/A
10,502 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62690, Virden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,210 (65.2%) |
| Renter Occupied HU | 423 (22.8%) |
| Vacant Housing Units | 223 (12.0%) |
| Median Home Value | $114,819 |
| Average Home Value | $148,977 |
Housing Distribution
Address Breakdown
Residential
1,674
Single Family
1,656
Multi-Family
18
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices