508 N Meridian StToledoIL62468
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 508 N Meridian St, Toledo, IL, 62468 in Toledo worth modelling. At $130,000 with a 9.26% gross yield, the $1,003/mo rent leaves $101/mo after the $585/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.71 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $35,917 by year five; $1,197/yr in principal reduction adds further equity. Total projected return: $56,225.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 8.0% |
| Monthly Cash Flow | $101 | $1,200 |
City averages based on Toledo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,003 |
| Total Monthly Debt Service | $850 |
| DSCR Ratio | 1.18x |
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 1899
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62468, Toledo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,148 (100%) |
| Owner Occupied HU | 883 (76.9%) |
| Renter Occupied HU | 170 (14.8%) |
| Vacant Housing Units | 95 ( 8.3%) |
| Median Home Value | $152,043 |
| Average Home Value | $199,703 |
Housing Distribution
Address Breakdown
Residential
968
Single Family
968
Multi-Family
0
Businesses
84
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 1899
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62468, Toledo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,148 (100%) |
| Owner Occupied HU | 883 (76.9%) |
| Renter Occupied HU | 170 (14.8%) |
| Vacant Housing Units | 95 ( 8.3%) |
| Median Home Value | $152,043 |
| Average Home Value | $199,703 |
Housing Distribution
Address Breakdown
Residential
968
Single Family
968
Multi-Family
0
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices