460 3rd StIlliopolisIL62539
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 460 3rd St, Illiopolis, IL, 62539 in Illiopolis: $1,252/mo in rent, $454/mo in net income, 13.06% gross yield, 2.42 DSCR, all at $115,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $31,772 in appreciation and $1,059/yr in principal paydown projects total cumulative return of $73,271.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.1% | 5.3% |
| Monthly Cash Flow | $454 | $150 |
City averages based on Illiopolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,252 |
| Total Monthly Debt Service | $752 |
| DSCR Ratio | 1.67x |
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 1932
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62539, Illiopolis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 539 (100%) |
| Owner Occupied HU | 395 (73.3%) |
| Renter Occupied HU | 86 (16.0%) |
| Vacant Housing Units | 58 (10.8%) |
| Median Home Value | $145,500 |
| Average Home Value | $180,051 |
Housing Distribution
Address Breakdown
Residential
415
Single Family
415
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 1932
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62539, Illiopolis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 539 (100%) |
| Owner Occupied HU | 395 (73.3%) |
| Renter Occupied HU | 86 (16.0%) |
| Vacant Housing Units | 58 (10.8%) |
| Median Home Value | $145,500 |
| Average Home Value | $180,051 |
Housing Distribution
Address Breakdown
Residential
415
Single Family
415
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shelby Younker • Agency One Insurance & Real Estate
Mls Name: CIBR
Mls Provider:
Mls ID: #6252321
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.