409 W 3rd AveWoodhullIL61490
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $120,000, 409 W 3rd Ave, Woodhull, IL, 61490 in Woodhull generates $921/mo in rent (9.21% yield) but nets only $89/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.71) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $33,154. Total projected return: $51,573.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.0% |
| Monthly Cash Flow | $89 | $5,000 |
City averages based on Woodhull market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $921 |
| Total Monthly Debt Service | $785 |
| DSCR Ratio | 1.17x |
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 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61490, Woodhull, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 487 (100%) |
| Owner Occupied HU | 367 (75.4%) |
| Renter Occupied HU | 79 (16.2%) |
| Vacant Housing Units | 41 ( 8.4%) |
| Median Home Value | $163,564 |
| Average Home Value | $183,379 |
Housing Distribution
Address Breakdown
Residential
253
Single Family
253
Multi-Family
0
Businesses
52
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 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61490, Woodhull, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 487 (100%) |
| Owner Occupied HU | 367 (75.4%) |
| Renter Occupied HU | 79 (16.2%) |
| Vacant Housing Units | 41 ( 8.4%) |
| Median Home Value | $163,564 |
| Average Home Value | $183,379 |
Housing Distribution
Address Breakdown
Residential
253
Single Family
253
Multi-Family
0
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices