3808 Lake DrTaylorvilleIL62568
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 3808 Lake Dr, Taylorville, IL, 62568 in Taylorville is capital appreciation. Rental yield 1.12%. The 1.12% gross yield at $315,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $87,029 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.21) without U.S. credit history; structure with a larger down payment to optimise coverage.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.1% | 8.0% |
| Monthly Cash Flow | $(1,891) | $500 |
City averages based on Taylorville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $294 |
| Total Monthly Debt Service | $2,060 |
| DSCR Ratio | 0.14x |
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 1995
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62568, Taylorville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,015 (100%) |
| Owner Occupied HU | 4,563 (65.0%) |
| Renter Occupied HU | 1,786 (25.5%) |
| Vacant Housing Units | 666 ( 9.5%) |
| Median Home Value | $139,713 |
| Average Home Value | $185,121 |
Housing Distribution
Address Breakdown
Residential
6,525
Single Family
6,002
Multi-Family
523
Businesses
542
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 1995
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62568, Taylorville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,015 (100%) |
| Owner Occupied HU | 4,563 (65.0%) |
| Renter Occupied HU | 1,786 (25.5%) |
| Vacant Housing Units | 666 ( 9.5%) |
| Median Home Value | $139,713 |
| Average Home Value | $185,121 |
Housing Distribution
Address Breakdown
Residential
6,525
Single Family
6,002
Multi-Family
523
Businesses
542
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: CIBR
Mls ID: #6258162