402 N Augusta RdClaytonIL62324
INVESTMENT ANALYSIS
Investment Verdict
Solid Income402 N Augusta Rd, Clayton, IL, 62324 in Clayton earns a respectable 9.09% gross yield at $145,000, but after the $687/mo mortgage the net cash flow is $92/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.60) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $40,061 over five years, making equity the dominant return driver. Total projected return: $58,673.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.0% |
| Monthly Cash Flow | $92 | $300 |
City averages based on Clayton 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 | $1,098 |
| Total Monthly Debt Service | $983 |
| DSCR Ratio | 1.12x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62324, Clayton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 666 (100%) |
| Owner Occupied HU | 471 (70.7%) |
| Renter Occupied HU | 93 (14.0%) |
| Vacant Housing Units | 102 (15.3%) |
| Median Home Value | $134,840 |
| Average Home Value | $177,606 |
Housing Distribution
Address Breakdown
Residential
541
Single Family
541
Multi-Family
0
Businesses
25
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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
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