509 W Morris StThomasboroIL61878
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 509 W Morris St, Thomasboro, IL, 61878 in Thomasboro is narrow, $146/mo net on $1,152/mo rent after the $652/mo debt service, but the property operates at break-even-plus, not a loss. At $145,000 with a 9.53% yield, the long-run equity case via 5% appreciation ($40,061 over five years) and $1,335/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.77 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $64,858.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.0% |
| Monthly Cash Flow | $146 | $1,200 |
City averages based on Thomasboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,152 |
| Total Monthly Debt Service | $948 |
| DSCR Ratio | 1.22x |
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 1973
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61878, Thomasboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 412 (62.7%) |
| Renter Occupied HU | 178 (27.1%) |
| Vacant Housing Units | 67 (10.2%) |
| Median Home Value | $131,061 |
| Average Home Value | $191,468 |
Housing Distribution
Address Breakdown
Residential
491
Single Family
491
Multi-Family
0
Businesses
30
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 1973
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61878, Thomasboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 412 (62.7%) |
| Renter Occupied HU | 178 (27.1%) |
| Vacant Housing Units | 67 (10.2%) |
| Median Home Value | $131,061 |
| Average Home Value | $191,468 |
Housing Distribution
Address Breakdown
Residential
491
Single Family
491
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12577321