3535 Ferndale AveDanvilleIL61834
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 3535 Ferndale Ave, Danville, IL, 61834 in Danville hard to pass up. The 14.23% gross yield on a $145,000 purchase results in $1,720/mo in rent and $714/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.64). Annual cash flow of $8,566, five-year appreciation of $40,061, and $1,335/yr in equity build-up combine for a projected total cumulative return of $101,422.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.2% | 10.0% |
| Monthly Cash Flow | $714 | $300 |
City averages based on Danville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,720 |
| Total Monthly Debt Service | $948 |
| DSCR Ratio | 1.81x |
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 1938
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61834, Danville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,350 (100%) |
| Owner Occupied HU | 2,341 (69.9%) |
| Renter Occupied HU | 726 (21.7%) |
| Vacant Housing Units | 283 ( 8.4%) |
| Median Home Value | $158,947 |
| Average Home Value | $176,038 |
Housing Distribution
Address Breakdown
Residential
2,813
Single Family
2,788
Multi-Family
25
Businesses
406
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 1938
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61834, Danville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,350 (100%) |
| Owner Occupied HU | 2,341 (69.9%) |
| Renter Occupied HU | 726 (21.7%) |
| Vacant Housing Units | 283 ( 8.4%) |
| Median Home Value | $158,947 |
| Average Home Value | $176,038 |
Housing Distribution
Address Breakdown
Residential
2,813
Single Family
2,788
Multi-Family
25
Businesses
406
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
