502 Old Brickyard RdMc LeansboroIL62859
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 502 Old Brickyard Rd, Mc Leansboro, IL, 62859 in Mc Leansboro, $114,000, 9.49% gross yield, $111/mo net income. Consider it a market-entry position, the $902/mo rent covers the $513/mo payment with a margin, and 5%/yr appreciation is projected to add $31,496 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.76) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $50,779.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.5% |
| Monthly Cash Flow | $111 | $300 |
City averages based on Mc Leansboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $902 |
| Total Monthly Debt Service | $745 |
| DSCR Ratio | 1.21x |
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 1978
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62859, Mc Leansboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,374 (100%) |
| Owner Occupied HU | 1,565 (65.9%) |
| Renter Occupied HU | 514 (21.7%) |
| Vacant Housing Units | 295 (12.4%) |
| Median Home Value | $128,272 |
| Average Home Value | $172,645 |
Housing Distribution
Address Breakdown
Residential
2,425
Single Family
2,365
Multi-Family
60
Businesses
218
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 1978
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62859, Mc Leansboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,374 (100%) |
| Owner Occupied HU | 1,565 (65.9%) |
| Renter Occupied HU | 514 (21.7%) |
| Vacant Housing Units | 295 (12.4%) |
| Median Home Value | $128,272 |
| Average Home Value | $172,645 |
Housing Distribution
Address Breakdown
Residential
2,425
Single Family
2,365
Multi-Family
60
Businesses
218
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12578056