515 W 2nd StGenoaIL60135
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 515 W 2nd St, Genoa, IL, 60135 in Genoa hard to pass up. The 10.86% gross yield on a $305,000 purchase results in $2,760/mo in rent and $644/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.01). Annual cash flow of $7,734, five-year appreciation of $84,266, and $2,809/yr in equity build-up combine for a projected total cumulative return of $158,186.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 7.0% |
| Monthly Cash Flow | $644 | $1,200 |
City averages based on Genoa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,760 |
| Total Monthly Debt Service | $1,994 |
| DSCR Ratio | 1.38x |
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 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60135, Genoa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,846 (100%) |
| Owner Occupied HU | 2,162 (76.0%) |
| Renter Occupied HU | 589 (20.7%) |
| Vacant Housing Units | 95 ( 3.3%) |
| Median Home Value | $254,808 |
| Average Home Value | $285,332 |
Housing Distribution
Address Breakdown
Residential
2,807
Single Family
2,662
Multi-Family
145
Businesses
180
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 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60135, Genoa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,846 (100%) |
| Owner Occupied HU | 2,162 (76.0%) |
| Renter Occupied HU | 589 (20.7%) |
| Vacant Housing Units | 95 ( 3.3%) |
| Median Home Value | $254,808 |
| Average Home Value | $285,332 |
Housing Distribution
Address Breakdown
Residential
2,807
Single Family
2,662
Multi-Family
145
Businesses
180
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices