38071-1830 East AveHoopestonIL60942
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.71% gross rental yield, 38071-1830 East Ave, Hoopeston, IL, 60942 in Hoopeston is priced for capital growth, not immediate cash flow. The $330,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $91,173 by year five, with $3,039/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.69) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $44,583.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 9.2% |
| Monthly Cash Flow | $(1,269) | $200 |
City averages based on Hoopeston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,020 |
| Total Monthly Debt Service | $2,158 |
| DSCR Ratio | 0.47x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1920
4.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60942, Hoopeston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,711 (100%) |
| Owner Occupied HU | 1,657 (61.1%) |
| Renter Occupied HU | 720 (26.6%) |
| Vacant Housing Units | 334 (12.3%) |
| Median Home Value | $79,844 |
| Average Home Value | $120,211 |
Housing Distribution
Address Breakdown
Residential
2,538
Single Family
2,334
Multi-Family
204
Businesses
184
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 1920
4.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60942, Hoopeston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,711 (100%) |
| Owner Occupied HU | 1,657 (61.1%) |
| Renter Occupied HU | 720 (26.6%) |
| Vacant Housing Units | 334 (12.3%) |
| Median Home Value | $79,844 |
| Average Home Value | $120,211 |
Housing Distribution
Address Breakdown
Residential
2,538
Single Family
2,334
Multi-Family
204
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices