532 N 600 East RdHerrickIL62431
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing532 N 600 East Rd, Herrick, IL, 62431 in Herrick is a stable, well-positioned rental at $315,000. Rental yield 6.68%. DSCR 1.24 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $87,029 in value and $2,901/yr in principal paydown builds equity, a total projected return of $92,710.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 6.0% |
| Monthly Cash Flow | $(432) | $1,500 |
City averages based on Herrick market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,753 |
| Total Monthly Debt Service | $2,060 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1990
20.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62431, Herrick, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 278 (100%) |
| Owner Occupied HU | 209 (75.2%) |
| Renter Occupied HU | 28 (10.1%) |
| Vacant Housing Units | 41 (14.7%) |
| Median Home Value | $95,000 |
| Average Home Value | $120,443 |
Housing Distribution
Address Breakdown
Residential
382
Single Family
382
Multi-Family
0
Businesses
15
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 1990
20.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62431, Herrick, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 278 (100%) |
| Owner Occupied HU | 209 (75.2%) |
| Renter Occupied HU | 28 (10.1%) |
| Vacant Housing Units | 41 (14.7%) |
| Median Home Value | $95,000 |
| Average Home Value | $120,443 |
Housing Distribution
Address Breakdown
Residential
382
Single Family
382
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices