602 E Elm StNew BerlinIL62670
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 602 E Elm St, New Berlin, IL, 62670 in New Berlin. At $194,900 it earns $1,561/mo in rent and distributes $209/mo to the owner after the $876/mo payment, a consistent 9.61% yield. DSCR 1.78 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $53,847 in value; $1,795/yr in principal paydown compounds ownership stake. Total projected return: $88,072.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.5% |
| Monthly Cash Flow | $209 | $250 |
City averages based on New Berlin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,561 |
| Total Monthly Debt Service | $1,274 |
| DSCR Ratio | 1.22x |
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 1972
9,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62670, New Berlin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,304 (100%) |
| Owner Occupied HU | 1,039 (79.7%) |
| Renter Occupied HU | 191 (14.6%) |
| Vacant Housing Units | 74 ( 5.7%) |
| Median Home Value | $231,404 |
| Average Home Value | $273,140 |
Housing Distribution
Address Breakdown
Residential
1,154
Single Family
1,130
Multi-Family
24
Businesses
52
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 1972
9,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62670, New Berlin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,304 (100%) |
| Owner Occupied HU | 1,039 (79.7%) |
| Renter Occupied HU | 191 (14.6%) |
| Vacant Housing Units | 74 ( 5.7%) |
| Median Home Value | $231,404 |
| Average Home Value | $273,140 |
Housing Distribution
Address Breakdown
Residential
1,154
Single Family
1,130
Multi-Family
24
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra Sarsany • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1038823
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.