401 3rd StMathervilleIL61263
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 401 3rd St, Matherville, IL, 61263 in Matherville is listed at $149,900 and delivers $1,411/mo in rent and $371/mo in net monthly cash flow. The 11.3% yield and 2.09 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 $41,415 over five years, and $1,381/yr in principal reduction supplements cash return. Total projected cumulative return: $81,203.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 7.0% |
| Monthly Cash Flow | $371 | $300 |
City averages based on Matherville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,411 |
| Total Monthly Debt Service | $980 |
| DSCR Ratio | 1.44x |
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 1928
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61263, Matherville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 316 (100%) |
| Owner Occupied HU | 212 (67.1%) |
| Renter Occupied HU | 70 (22.2%) |
| Vacant Housing Units | 34 (10.8%) |
| Median Home Value | $143,750 |
| Average Home Value | $186,108 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
11
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 1928
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61263, Matherville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 316 (100%) |
| Owner Occupied HU | 212 (67.1%) |
| Renter Occupied HU | 70 (22.2%) |
| Vacant Housing Units | 34 (10.8%) |
| Median Home Value | $143,750 |
| Average Home Value | $186,108 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
11
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Boswell • RE/MAX Concepts Bettendorf
Mls Name: RMLS Alliance
Mls ID: #QC4269136