330 N Birch StWatermanIL60556
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.51, 330 N Birch St, Waterman, IL, 60556 in Waterman sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 8.16%. The 8.16% yield is backed by 5% annual appreciation projecting $71,806 in value gain, plus $2,394/yr in principal reduction. Total projected cumulative return: $97,116.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.0% |
| Monthly Cash Flow | $(36) | $200 |
City averages based on Waterman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,767 |
| Total Monthly Debt Service | $1,699 |
| DSCR Ratio | 1.04x |
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
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60556, Waterman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 858 (100%) |
| Owner Occupied HU | 625 (72.8%) |
| Renter Occupied HU | 164 (19.1%) |
| Vacant Housing Units | 69 ( 8.0%) |
| Median Home Value | $262,649 |
| Average Home Value | $295,472 |
Housing Distribution
Address Breakdown
Residential
673
Single Family
648
Multi-Family
25
Businesses
55
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
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60556, Waterman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 858 (100%) |
| Owner Occupied HU | 625 (72.8%) |
| Renter Occupied HU | 164 (19.1%) |
| Vacant Housing Units | 69 ( 8.0%) |
| Median Home Value | $262,649 |
| Average Home Value | $295,472 |
Housing Distribution
Address Breakdown
Residential
673
Single Family
648
Multi-Family
25
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices