507 N Elkton StOkawvilleIL62271
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 507 N Elkton St, Okawville, IL, 62271 in Okawville is straightforward: $147,990 in, $1,255/mo in rent, $229/mo out after debt service. The 10.18% gross yield and 1.89 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $40,887 by year five. With $1,363/yr in principal equity, the total cumulative return is projected at $71,324.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 10.0% |
| Monthly Cash Flow | $229 | $300 |
City averages based on Okawville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,255 |
| Total Monthly Debt Service | $968 |
| DSCR Ratio | 1.30x |
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 1957
0.25 Acres lot
$N/A/sqft
No HOA
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 1957
0.25 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
