532 E 2nd StHerscherIL60941
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSteady, low-maintenance, and fundable: 532 E 2nd St, Herscher, IL, 60941 in Herscher at $294,900. Rental yield 8.01%. The 8.01% yield and 1.48 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $81,475 by year five, and $2,716/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $107,793.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 7.0% |
| Monthly Cash Flow | $(77) | $1,200 |
City averages based on Herscher market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,968 |
| Total Monthly Debt Service | $1,928 |
| DSCR Ratio | 1.02x |
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 1991
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60941, Herscher, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 825 (100%) |
| Owner Occupied HU | 604 (73.2%) |
| Renter Occupied HU | 161 (19.5%) |
| Vacant Housing Units | 60 ( 7.3%) |
| Median Home Value | $242,991 |
| Average Home Value | $273,357 |
Housing Distribution
Address Breakdown
Residential
605
Single Family
564
Multi-Family
41
Businesses
77
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 1991
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60941, Herscher, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 825 (100%) |
| Owner Occupied HU | 604 (73.2%) |
| Renter Occupied HU | 161 (19.5%) |
| Vacant Housing Units | 60 ( 7.3%) |
| Median Home Value | $242,991 |
| Average Home Value | $273,357 |
Housing Distribution
Address Breakdown
Residential
605
Single Family
564
Multi-Family
41
Businesses
77
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices