414 N Thomas StGilmanIL60938
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 414 N Thomas St, Gilman, IL, 60938 in Gilman, $229,900, 8.48% gross yield, $30/mo net income. Consider it a market-entry position, the $1,625/mo rent covers the $1,034/mo payment with a margin, and 5%/yr appreciation is projected to add $63,517 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.57) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $89,893.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 7.0% |
| Monthly Cash Flow | $30 | $300 |
City averages based on Gilman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,625 |
| Total Monthly Debt Service | $1,503 |
| DSCR Ratio | 1.08x |
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 1950
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60938, Gilman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 909 (100%) |
| Owner Occupied HU | 625 (68.8%) |
| Renter Occupied HU | 182 (20.0%) |
| Vacant Housing Units | 102 (11.2%) |
| Median Home Value | $133,026 |
| Average Home Value | $156,212 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
821
Multi-Family
15
Businesses
109
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 1950
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60938, Gilman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 909 (100%) |
| Owner Occupied HU | 625 (68.8%) |
| Renter Occupied HU | 182 (20.0%) |
| Vacant Housing Units | 102 (11.2%) |
| Median Home Value | $133,026 |
| Average Home Value | $156,212 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
821
Multi-Family
15
Businesses
109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices