404 N Oak StLoraineIL62349
INVESTMENT ANALYSIS
Investment Verdict
Solid Income404 N Oak St, Loraine, IL, 62349 in Loraine carries a 1.52 coverage ratio, rent of $750/mo is 1.52 times the $495/mo payment. Rental yield 8.18%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $110,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $30,391; total projected cumulative return: $41,245.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.0% |
| Monthly Cash Flow | $(13) | $1,200 |
City averages based on Loraine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $750 |
| Total Monthly Debt Service | $719 |
| DSCR Ratio | 1.04x |
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 N/A
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62349, Loraine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 286 (100%) |
| Owner Occupied HU | 211 (73.8%) |
| Renter Occupied HU | 41 (14.3%) |
| Vacant Housing Units | 34 (11.9%) |
| Median Home Value | $181,731 |
| Average Home Value | $196,955 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
240
Multi-Family
0
Businesses
10
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 N/A
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62349, Loraine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 286 (100%) |
| Owner Occupied HU | 211 (73.8%) |
| Renter Occupied HU | 41 (14.3%) |
| Vacant Housing Units | 34 (11.9%) |
| Median Home Value | $181,731 |
| Average Home Value | $196,955 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
240
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices