440 Hickstown RdHerodIL62947
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 440 Hickstown Rd, Herod, IL, 62947 in Herod, $149,900, 9.41% gross yield, $135/mo net income. Consider it a market-entry position, the $1,175/mo rent covers the $674/mo payment with a margin, and 5%/yr appreciation is projected to add $41,415 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.74) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $66,035.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 8.0% |
| Monthly Cash Flow | $135 | $300 |
City averages based on Herod market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,175 |
| Total Monthly Debt Service | $980 |
| DSCR Ratio | 1.20x |
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.
Manufactured
Built in 2001
3.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62947, Herod, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 256 (100%) |
| Owner Occupied HU | 181 (70.7%) |
| Renter Occupied HU | 15 ( 5.9%) |
| Vacant Housing Units | 60 (23.4%) |
| Median Home Value | $180,833 |
| Average Home Value | $234,917 |
Housing Distribution
Address Breakdown
Residential
236
Single Family
236
Multi-Family
0
Businesses
6
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
Manufactured
Built in 2001
3.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62947, Herod, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 256 (100%) |
| Owner Occupied HU | 181 (70.7%) |
| Renter Occupied HU | 15 ( 5.9%) |
| Vacant Housing Units | 60 (23.4%) |
| Median Home Value | $180,833 |
| Average Home Value | $234,917 |
Housing Distribution
Address Breakdown
Residential
236
Single Family
236
Multi-Family
0
Businesses
6
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices