427 N Lincoln StCerro gordoIL61818
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 427 N Lincoln St, Cerro gordo, IL, 61818 in Cerro gordo. Priced at $178,000, it generates $2,237/mo in gross rent and $1,002/mo in net monthly cash flow, a 15.08% yield that comfortably supports the 2.80 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $12,026. Five-year appreciation: $49,178. Equity from principal paydown: $1,639/yr. Total projected cumulative return: $132,611.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.1% | 5.2% |
| Monthly Cash Flow | $1,002 | $300 |
City averages based on Cerro gordo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,237 |
| Total Monthly Debt Service | $1,164 |
| DSCR Ratio | 1.92x |
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 1960
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61818, Cerro Gordo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 698 (100%) |
| Owner Occupied HU | 514 (73.6%) |
| Renter Occupied HU | 124 (17.8%) |
| Vacant Housing Units | 60 ( 8.6%) |
| Median Home Value | $127,500 |
| Average Home Value | $148,278 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
368
Multi-Family
0
Businesses
36
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 1960
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61818, Cerro Gordo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 698 (100%) |
| Owner Occupied HU | 514 (73.6%) |
| Renter Occupied HU | 124 (17.8%) |
| Vacant Housing Units | 60 ( 8.6%) |
| Median Home Value | $127,500 |
| Average Home Value | $148,278 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
368
Multi-Family
0
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Colleen Brinkoetter • Brinkoetter REALTORS
Mls Name: CIBR
Mls Provider:
Mls ID: #6254691
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.