450 W Market StSomonaukIL60552
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 450 W Market St, Somonauk, IL, 60552 in Somonauk hard to pass up. The 10.74% gross yield on a $299,900 purchase results in $2,684/mo in rent and $604/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.99). Annual cash flow of $7,251, five-year appreciation of $82,857, and $2,762/yr in equity build-up combine for a projected total cumulative return of $153,535.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 5.0% |
| Monthly Cash Flow | $604 | $250 |
City averages based on Somonauk market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,684 |
| Total Monthly Debt Service | $1,961 |
| DSCR Ratio | 1.37x |
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 N/A
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60552, Somonauk, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,370 (75.4%) |
| Renter Occupied HU | 269 (14.8%) |
| Vacant Housing Units | 177 ( 9.7%) |
| Median Home Value | $244,251 |
| Average Home Value | $262,810 |
Housing Distribution
Address Breakdown
Residential
1,530
Single Family
1,507
Multi-Family
23
Businesses
100
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 N/A
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60552, Somonauk, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,370 (75.4%) |
| Renter Occupied HU | 269 (14.8%) |
| Vacant Housing Units | 177 ( 9.7%) |
| Median Home Value | $244,251 |
| Average Home Value | $262,810 |
Housing Distribution
Address Breakdown
Residential
1,530
Single Family
1,507
Multi-Family
23
Businesses
100
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices