512 E South StDurandIL61024
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 512 E South St, Durand, IL, 61024 in Durand hard to pass up. The 22.99% gross yield on a $105,000 purchase results in $2,011/mo in rent and $1,264/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (4.26). Annual cash flow of $15,166, five-year appreciation of $29,010, and $967/yr in equity build-up combine for a projected total cumulative return of $121,587.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 23% | 8.0% |
| Monthly Cash Flow | $1,264 | $400 |
City averages based on Durand market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,011 |
| Total Monthly Debt Service | $706 |
| DSCR Ratio | 2.85x |
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 1886
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61024, Durand, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 938 (78.4%) |
| Renter Occupied HU | 190 (15.9%) |
| Vacant Housing Units | 68 ( 5.7%) |
| Median Home Value | $231,818 |
| Average Home Value | $256,415 |
Housing Distribution
Address Breakdown
Residential
966
Single Family
953
Multi-Family
13
Businesses
66
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 1886
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61024, Durand, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 938 (78.4%) |
| Renter Occupied HU | 190 (15.9%) |
| Vacant Housing Units | 68 ( 5.7%) |
| Median Home Value | $231,818 |
| Average Home Value | $256,415 |
Housing Distribution
Address Breakdown
Residential
966
Single Family
953
Multi-Family
13
Businesses
66
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices