455 N Charles StCortlandIL60112
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 455 N Charles St, Cortland, IL, 60112 in Cortland speaks for itself: 21.56% gross on a $194,900 price, generating $3,502/mo in rent and $1,964/mo in net income after the $876/mo debt service. DSCR 4.00, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $23,564 stacks alongside $53,847 in projected five-year appreciation and $1,795/yr in principal reduction. Projected total cumulative return: $201,820.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 21.6% | 6.0% |
| Monthly Cash Flow | $1,964 | $300 |
City averages based on Cortland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,502 |
| Total Monthly Debt Service | $1,460 |
| DSCR Ratio | 2.40x |
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.
Townhouse
Built in 2006
2,415 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60112, Cortland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,721 (100%) |
| Owner Occupied HU | 1,303 (75.7%) |
| Renter Occupied HU | 363 (21.1%) |
| Vacant Housing Units | 55 ( 3.2%) |
| Median Home Value | $197,400 |
| Average Home Value | $220,353 |
Housing Distribution
Address Breakdown
Residential
1,668
Single Family
1,458
Multi-Family
210
Businesses
74
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
Townhouse
Built in 2006
2,415 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60112, Cortland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,721 (100%) |
| Owner Occupied HU | 1,303 (75.7%) |
| Renter Occupied HU | 363 (21.1%) |
| Vacant Housing Units | 55 ( 3.2%) |
| Median Home Value | $197,400 |
| Average Home Value | $220,353 |
Housing Distribution
Address Breakdown
Residential
1,668
Single Family
1,458
Multi-Family
210
Businesses
74
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices