400 W Collins StMendonIL62351
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 400 W Collins St, Mendon, IL, 62351 in Mendon speaks for itself: 11.15% gross on a $220,000 price, generating $2,044/mo in rent and $518/mo in net income after the $989/mo debt service. DSCR 2.07, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,212 stacks alongside $60,782 in projected five-year appreciation and $2,026/yr in principal reduction. Projected total cumulative return: $117,506.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.0% |
| Monthly Cash Flow | $518 | $500 |
City averages based on Mendon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,044 |
| Total Monthly Debt Service | $1,438 |
| DSCR Ratio | 1.42x |
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 2000
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62351, Mendon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 531 (72.0%) |
| Renter Occupied HU | 125 (17.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $149,826 |
| Average Home Value | $185,989 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
695
Multi-Family
0
Businesses
32
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 2000
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62351, Mendon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 531 (72.0%) |
| Renter Occupied HU | 125 (17.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $149,826 |
| Average Home Value | $185,989 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
695
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices