517 S Obannon StRaymondIL62560
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 517 S Obannon St, Raymond, IL, 62560 in Raymond worth modelling. At $169,000 with a 9.29% gross yield, the $1,308/mo rent leaves $136/mo after the $760/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.72 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $46,692 by year five; $1,557/yr in principal reduction adds further equity. Total projected return: $73,363.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $136 | $300 |
City averages based on Raymond market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,308 |
| Total Monthly Debt Service | $1,105 |
| DSCR Ratio | 1.18x |
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 2000
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62560, Raymond, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 627 (100%) |
| Owner Occupied HU | 459 (73.2%) |
| Renter Occupied HU | 117 (18.7%) |
| Vacant Housing Units | 51 ( 8.1%) |
| Median Home Value | $135,500 |
| Average Home Value | $165,054 |
Housing Distribution
Address Breakdown
Residential
405
Single Family
394
Multi-Family
11
Businesses
57
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 2000
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62560, Raymond, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 627 (100%) |
| Owner Occupied HU | 459 (73.2%) |
| Renter Occupied HU | 117 (18.7%) |
| Vacant Housing Units | 51 ( 8.1%) |
| Median Home Value | $135,500 |
| Average Home Value | $165,054 |
Housing Distribution
Address Breakdown
Residential
405
Single Family
394
Multi-Family
11
Businesses
57
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices