480 3rd StYates CityIL61572
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Yates City rental at 480 3rd St, Yates City, IL, 61572 sits in the solid-income band: 10.69% gross yield, $1,069/mo rent, $237/mo net after the $540/mo debt service, DSCR 1.98. Entry price of $120,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $33,154 and $1,105/yr in principal reduction bring total cumulative return to $61,089.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.0% |
| Monthly Cash Flow | $237 | $350 |
City averages based on Yates City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,069 |
| Total Monthly Debt Service | $785 |
| DSCR Ratio | 1.36x |
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 1916
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61572, Yates City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 530 (100%) |
| Owner Occupied HU | 396 (74.7%) |
| Renter Occupied HU | 63 (11.9%) |
| Vacant Housing Units | 71 (13.4%) |
| Median Home Value | $140,909 |
| Average Home Value | $174,710 |
Housing Distribution
Address Breakdown
Residential
346
Single Family
346
Multi-Family
0
Businesses
18
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 1916
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61572, Yates City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 530 (100%) |
| Owner Occupied HU | 396 (74.7%) |
| Renter Occupied HU | 63 (11.9%) |
| Vacant Housing Units | 71 (13.4%) |
| Median Home Value | $140,909 |
| Average Home Value | $174,710 |
Housing Distribution
Address Breakdown
Residential
346
Single Family
346
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kori Jensen • CENTURY 21 Tucker Swanson
Mls Name: RMLS Alliance
Mls ID: #CA1039608