5 Horseshoe DrHerodIL62947
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.43% yield at 5 Horseshoe Dr, Herod, IL, 62947 in Herod is solid, but the $1,619/mo payment compresses net cash flow to $32/mo at $360,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $99,461 by year five, and $3,316/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.56) without U.S. income documentation. Total projected return: $139,719.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 8.0% |
| Monthly Cash Flow | $32 | $300 |
City averages based on Herod market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,529 |
| Total Monthly Debt Service | $2,354 |
| DSCR Ratio | 1.07x |
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 2022
5.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62947, Herod, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 256 (100%) |
| Owner Occupied HU | 181 (70.7%) |
| Renter Occupied HU | 15 ( 5.9%) |
| Vacant Housing Units | 60 (23.4%) |
| Median Home Value | $180,833 |
| Average Home Value | $234,917 |
Housing Distribution
Address Breakdown
Residential
236
Single Family
236
Multi-Family
0
Businesses
6
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 2022
5.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62947, Herod, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 256 (100%) |
| Owner Occupied HU | 181 (70.7%) |
| Renter Occupied HU | 15 ( 5.9%) |
| Vacant Housing Units | 60 (23.4%) |
| Median Home Value | $180,833 |
| Average Home Value | $234,917 |
Housing Distribution
Address Breakdown
Residential
236
Single Family
236
Multi-Family
0
Businesses
6
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shawnna Donovan • Southern Illinois Realty Experts Herrin
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4260358
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.