511 College StLernaIL62440
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 511 College St, Lerna, IL, 62440 in Lerna at $149,900, 0% gross yield, is a market-growth asset. Rental yield 0%. The $0/mo rent partially funds the $674/mo debt service; the core return is the 5%/yr price growth projected to add $41,415 over five years. Ziffy Mortgage's DSCR mortgage (0.00) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.0% |
| Monthly Cash Flow | $0 | $1,200 |
City averages based on Lerna market data in our database. Property projections are estimates.
Single Family
Built in 1877
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62440, Lerna, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 609 (100%) |
| Owner Occupied HU | 480 (78.8%) |
| Renter Occupied HU | 59 ( 9.7%) |
| Vacant Housing Units | 70 (11.5%) |
| Median Home Value | $241,667 |
| Average Home Value | $237,807 |
Housing Distribution
Address Breakdown
Residential
420
Single Family
420
Multi-Family
0
Businesses
29
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1877
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62440, Lerna, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 609 (100%) |
| Owner Occupied HU | 480 (78.8%) |
| Renter Occupied HU | 59 ( 9.7%) |
| Vacant Housing Units | 70 (11.5%) |
| Median Home Value | $241,667 |
| Average Home Value | $237,807 |
Housing Distribution
Address Breakdown
Residential
420
Single Family
420
Multi-Family
0
Businesses
29
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices