4489 Palmyra RdPalmyraIL62674
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 4489 Palmyra Rd, Palmyra, IL, 62674 in Palmyra achieves a 1.50 ratio at $375,000: $2,534/mo rent versus $1,686/mo debt service. Rental yield 8.11%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.11% yield compounds alongside 5% annual appreciation projecting $103,606 in value. Total projected cumulative return: $139,136.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.0% |
| Monthly Cash Flow | $(67) | $150 |
City averages based on Palmyra 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 | $2,534 |
| Total Monthly Debt Service | $2,452 |
| DSCR Ratio | 1.03x |
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 1993
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62674, Palmyra, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 488 (69.4%) |
| Renter Occupied HU | 142 (20.2%) |
| Vacant Housing Units | 73 (10.4%) |
| Median Home Value | $131,429 |
| Average Home Value | $158,858 |
Housing Distribution
Address Breakdown
Residential
579
Single Family
579
Multi-Family
0
Businesses
31
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 1993
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62674, Palmyra, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 488 (69.4%) |
| Renter Occupied HU | 142 (20.2%) |
| Vacant Housing Units | 73 (10.4%) |
| Median Home Value | $131,429 |
| Average Home Value | $158,858 |
Housing Distribution
Address Breakdown
Residential
579
Single Family
579
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices