423 S Mary StStronghurstIL61480
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 423 S Mary St, Stronghurst, IL, 61480 in Stronghurst hard to pass up. The 14.78% gross yield on a $135,000 purchase results in $1,663/mo in rent and $727/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.74). Annual cash flow of $8,722, five-year appreciation of $37,298, and $1,243/yr in equity build-up combine for a projected total cumulative return of $98,414.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.8% | 6.0% |
| Monthly Cash Flow | $727 | $400 |
City averages based on Stronghurst market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,663 |
| Total Monthly Debt Service | $883 |
| DSCR Ratio | 1.88x |
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 1918
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61480, Stronghurst, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 508 (100%) |
| Owner Occupied HU | 362 (71.3%) |
| Renter Occupied HU | 93 (18.3%) |
| Vacant Housing Units | 53 (10.4%) |
| Median Home Value | $112,500 |
| Average Home Value | $137,818 |
Housing Distribution
Address Breakdown
Residential
358
Single Family
337
Multi-Family
21
Businesses
53
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 1918
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61480, Stronghurst, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 508 (100%) |
| Owner Occupied HU | 362 (71.3%) |
| Renter Occupied HU | 93 (18.3%) |
| Vacant Housing Units | 53 (10.4%) |
| Median Home Value | $112,500 |
| Average Home Value | $137,818 |
Housing Distribution
Address Breakdown
Residential
358
Single Family
337
Multi-Family
21
Businesses
53
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wendy Corzatt • Ruhl & Ruhl, REALTORS
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6327909