412 N 2nd StChillicotheIL61523
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 412 N 2nd St, Chillicothe, IL, 61523 in Chillicothe is a conservative rental investment at $314,900. Rental yield 7.89%. A 1.46 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $87,001; $2,900/yr in principal paydown supplements. Total projected return: $113,113.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.0% |
| Monthly Cash Flow | $(114) | $300 |
City averages based on Chillicothe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,070 |
| Total Monthly Debt Service | $2,059 |
| DSCR Ratio | 1.01x |
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 1890
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61523, Chillicothe, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,008 (100%) |
| Owner Occupied HU | 3,712 (74.1%) |
| Renter Occupied HU | 881 (17.6%) |
| Vacant Housing Units | 415 ( 8.3%) |
| Median Home Value | $197,605 |
| Average Home Value | $245,063 |
Housing Distribution
Address Breakdown
Residential
4,684
Single Family
4,458
Multi-Family
226
Businesses
264
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 1890
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61523, Chillicothe, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,008 (100%) |
| Owner Occupied HU | 3,712 (74.1%) |
| Renter Occupied HU | 881 (17.6%) |
| Vacant Housing Units | 415 ( 8.3%) |
| Median Home Value | $197,605 |
| Average Home Value | $245,063 |
Housing Distribution
Address Breakdown
Residential
4,684
Single Family
4,458
Multi-Family
226
Businesses
264
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rich Gillespie • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1254184
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.