331 N West StFarmingtonIL61531
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 331 N West St, Farmington, IL, 61531 in Farmington is listed at $119,900 and delivers $1,321/mo in rent and $490/mo in net monthly cash flow. The 13.22% yield and 2.45 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $33,126 over five years, and $1,104/yr in principal reduction supplements cash return. Total projected cumulative return: $77,400.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.2% | 7.5% |
| Monthly Cash Flow | $490 | $300 |
City averages based on Farmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,321 |
| Total Monthly Debt Service | $784 |
| DSCR Ratio | 1.69x |
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 1926
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61531, Farmington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,454 (100%) |
| Owner Occupied HU | 1,032 (71.0%) |
| Renter Occupied HU | 259 (17.8%) |
| Vacant Housing Units | 163 (11.2%) |
| Median Home Value | $121,875 |
| Average Home Value | $160,446 |
Housing Distribution
Address Breakdown
Residential
1,369
Single Family
1,364
Multi-Family
5
Businesses
123
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 1926
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61531, Farmington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,454 (100%) |
| Owner Occupied HU | 1,032 (71.0%) |
| Renter Occupied HU | 259 (17.8%) |
| Vacant Housing Units | 163 (11.2%) |
| Median Home Value | $121,875 |
| Average Home Value | $160,446 |
Housing Distribution
Address Breakdown
Residential
1,369
Single Family
1,364
Multi-Family
5
Businesses
123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices