518 7th StLincolnIL62656
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 518 7th St, Lincoln, IL, 62656 in Lincoln is narrow, $126/mo net on $993/mo rent after the $562/mo debt service, but the property operates at break-even-plus, not a loss. At $125,000 with a 9.53% yield, the long-run equity case via 5% appreciation ($34,535 over five years) and $1,151/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.77 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $55,927.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.0% |
| Monthly Cash Flow | $126 | $1,200 |
City averages based on Lincoln market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $993 |
| Total Monthly Debt Service | $817 |
| DSCR Ratio | 1.21x |
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 1892
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62656, Lincoln, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,652 (100%) |
| Owner Occupied HU | 4,614 (60.3%) |
| Renter Occupied HU | 2,226 (29.1%) |
| Vacant Housing Units | 812 (10.6%) |
| Median Home Value | $133,344 |
| Average Home Value | $162,380 |
Housing Distribution
Address Breakdown
Residential
7,055
Single Family
6,707
Multi-Family
348
Businesses
632
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 1892
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62656, Lincoln, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,652 (100%) |
| Owner Occupied HU | 4,614 (60.3%) |
| Renter Occupied HU | 2,226 (29.1%) |
| Vacant Housing Units | 812 (10.6%) |
| Median Home Value | $133,344 |
| Average Home Value | $162,380 |
Housing Distribution
Address Breakdown
Residential
7,055
Single Family
6,707
Multi-Family
348
Businesses
632
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Veronica Hasprey • Werth & Assoc, REALTORS
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1033647
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.