506 S 8th StOregonIL61061
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 506 S 8th St, Oregon, IL, 61061 in Oregon earns a 12.35% gross yield at $130,000. Rent of $1,338/mo nets $436/mo after the $585/mo mortgage. The 2.29 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $35,917 and $1,197/yr in equity accumulation project a total cumulative return of $77,777.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 7.0% |
| Monthly Cash Flow | $436 | $500 |
City averages based on Oregon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,338 |
| Total Monthly Debt Service | $850 |
| DSCR Ratio | 1.57x |
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 1955
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61061, Oregon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,348 (100%) |
| Owner Occupied HU | 2,249 (67.2%) |
| Renter Occupied HU | 792 (23.7%) |
| Vacant Housing Units | 307 ( 9.2%) |
| Median Home Value | $223,295 |
| Average Home Value | $290,081 |
Housing Distribution
Address Breakdown
Residential
3,108
Single Family
2,946
Multi-Family
162
Businesses
321
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 1955
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61061, Oregon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,348 (100%) |
| Owner Occupied HU | 2,249 (67.2%) |
| Renter Occupied HU | 792 (23.7%) |
| Vacant Housing Units | 307 ( 9.2%) |
| Median Home Value | $223,295 |
| Average Home Value | $290,081 |
Housing Distribution
Address Breakdown
Residential
3,108
Single Family
2,946
Multi-Family
162
Businesses
321
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tronda Knodle • Knodle Realty Group, Llc
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502449
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.