505 N Saint Clair StAltamontIL62411
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 505 N Saint Clair St, Altamont, IL, 62411 in Altamont: $1,438/mo in rent, $501/mo net, 12.78% gross yield, all on a $135,000 acquisition. The 2.37 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $37,298 in value, and $1,243/yr in principal paydown steadily builds equity. Projected total cumulative return: $83,930.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.8% | 8.0% |
| Monthly Cash Flow | $501 | $300 |
City averages based on Altamont market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,438 |
| Total Monthly Debt Service | $883 |
| DSCR Ratio | 1.63x |
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 1946
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62411, Altamont, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,946 (100%) |
| Owner Occupied HU | 1,455 (74.8%) |
| Renter Occupied HU | 326 (16.8%) |
| Vacant Housing Units | 165 ( 8.5%) |
| Median Home Value | $164,718 |
| Average Home Value | $241,765 |
Housing Distribution
Address Breakdown
Residential
1,800
Single Family
1,745
Multi-Family
55
Businesses
167
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 1946
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62411, Altamont, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,946 (100%) |
| Owner Occupied HU | 1,455 (74.8%) |
| Renter Occupied HU | 326 (16.8%) |
| Vacant Housing Units | 165 ( 8.5%) |
| Median Home Value | $164,718 |
| Average Home Value | $241,765 |
Housing Distribution
Address Breakdown
Residential
1,800
Single Family
1,745
Multi-Family
55
Businesses
167
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Corey L Sandschafer • Midwest Farm & Land Co. LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB457739
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.