506 S Garfield StLeaf RiverIL61047
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 506 S Garfield St, Leaf River, IL, 61047 in Leaf River: $1,561/mo in rent, $486/mo in net income, 12.09% gross yield, 2.24 DSCR, all at $155,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $42,824 in appreciation and $1,428/yr in principal paydown projects total cumulative return of $90,570.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 7.0% |
| Monthly Cash Flow | $486 | $400 |
City averages based on Leaf River market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,561 |
| Total Monthly Debt Service | $1,013 |
| DSCR Ratio | 1.54x |
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 1930
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61047, Leaf River, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 741 (100%) |
| Owner Occupied HU | 518 (69.9%) |
| Renter Occupied HU | 125 (16.9%) |
| Vacant Housing Units | 98 (13.2%) |
| Median Home Value | $244,286 |
| Average Home Value | $267,264 |
Housing Distribution
Address Breakdown
Residential
579
Single Family
579
Multi-Family
0
Businesses
29
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 1930
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61047, Leaf River, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 741 (100%) |
| Owner Occupied HU | 518 (69.9%) |
| Renter Occupied HU | 125 (16.9%) |
| Vacant Housing Units | 98 (13.2%) |
| Median Home Value | $244,286 |
| Average Home Value | $267,264 |
Housing Distribution
Address Breakdown
Residential
579
Single Family
579
Multi-Family
0
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paige Miller • Re/Max Professional Advantage
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502436
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.