412 3rd Ave WAndalusiaIL61232
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow412 3rd Ave W, Andalusia, IL, 61232 in Andalusia is a solid income-producing rental, 11.4% gross yield, $1,596/mo rent, $431/mo net cash flow on a $168,000 buy. DSCR 2.11 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $46,415 and $1,547/yr in principal reduction project a total cumulative return of $91,995.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 6.0% |
| Monthly Cash Flow | $431 | $1,200 |
City averages based on Andalusia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,596 |
| Total Monthly Debt Service | $1,098 |
| DSCR Ratio | 1.45x |
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 1968
8,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61232, Andalusia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 569 (100%) |
| Owner Occupied HU | 486 (85.4%) |
| Renter Occupied HU | 60 (10.5%) |
| Vacant Housing Units | 23 ( 4.0%) |
| Median Home Value | $225,581 |
| Average Home Value | $223,498 |
Housing Distribution
Address Breakdown
Residential
404
Single Family
404
Multi-Family
0
Businesses
34
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 1968
8,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61232, Andalusia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 569 (100%) |
| Owner Occupied HU | 486 (85.4%) |
| Renter Occupied HU | 60 (10.5%) |
| Vacant Housing Units | 23 ( 4.0%) |
| Median Home Value | $225,581 |
| Average Home Value | $223,498 |
Housing Distribution
Address Breakdown
Residential
404
Single Family
404
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices