412 S Madison StElizabethIL61028
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 412 S Madison St, Elizabeth, IL, 61028 in Elizabeth. At $175,000 it earns $1,505/mo in rent and distributes $291/mo to the owner after the $787/mo payment, a consistent 10.32% yield. DSCR 1.91 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $48,349 in value; $1,612/yr in principal paydown compounds ownership stake. Total projected return: $85,677.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 8.0% |
| Monthly Cash Flow | $291 | $1,500 |
City averages based on Elizabeth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,505 |
| Total Monthly Debt Service | $1,144 |
| DSCR Ratio | 1.32x |
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 1954
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61028, Elizabeth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,084 (100%) |
| Owner Occupied HU | 627 (57.8%) |
| Renter Occupied HU | 197 (18.2%) |
| Vacant Housing Units | 260 (24.0%) |
| Median Home Value | $247,642 |
| Average Home Value | $300,817 |
Housing Distribution
Address Breakdown
Residential
744
Single Family
734
Multi-Family
10
Businesses
82
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 1954
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61028, Elizabeth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,084 (100%) |
| Owner Occupied HU | 627 (57.8%) |
| Renter Occupied HU | 197 (18.2%) |
| Vacant Housing Units | 260 (24.0%) |
| Median Home Value | $247,642 |
| Average Home Value | $300,817 |
Housing Distribution
Address Breakdown
Residential
744
Single Family
734
Multi-Family
10
Businesses
82
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: GARRETT HILLARY • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202501952
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.