421 Johnson St Unit 421MarengoIL60152
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 421 Johnson St Unit 421, Marengo, IL, 60152 in Marengo is a conservative rental investment at $219,000. Rental yield 7.26%. A 1.28 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $60,506; $1,836/yr in principal paydown supplements. Total projected return: $67,148.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 7.0% |
| Monthly Cash Flow | $(389) | $1,200 |
City averages based on Marengo market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,325 |
| Total Monthly Debt Service | $1,485 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60152, Marengo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,144 (100%) |
| Owner Occupied HU | 3,846 (74.8%) |
| Renter Occupied HU | 1,057 (20.5%) |
| Vacant Housing Units | 241 ( 4.7%) |
| Median Home Value | $328,944 |
| Average Home Value | $356,481 |
Housing Distribution
Address Breakdown
Residential
4,876
Single Family
4,690
Multi-Family
186
Businesses
326
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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
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Nearby investment properties with comparable prices
