514 W Washington StMendonIL62351
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 514 W Washington St, Mendon, IL, 62351 in Mendon delivers $2,263/mo in gross rent and $414/mo in net monthly income at a $181,000 entry. The 11.1% yield and 2.78 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $50,007 over five years and $1,667/yr in equity from loan paydown, total projected return is $134,076.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.0% |
| Monthly Cash Flow | $414 | $500 |
City averages based on Mendon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,263 |
| Total Monthly Debt Service | $1,183 |
| DSCR Ratio | 1.91x |
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 N/A
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62351, Mendon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 531 (72.0%) |
| Renter Occupied HU | 125 (17.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $149,826 |
| Average Home Value | $185,989 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
695
Multi-Family
0
Businesses
32
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 N/A
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62351, Mendon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 531 (72.0%) |
| Renter Occupied HU | 125 (17.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $149,826 |
| Average Home Value | $185,989 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
695
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Misty Dowling • Gem City Real Estate Group
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1036304
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.