605 N 6th StPetersburgIL62675
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 605 N 6th St, Petersburg, IL, 62675 in Petersburg. At $117,500 it earns $1,055/mo in rent and distributes $240/mo to the owner after the $528/mo payment, a consistent 10.77% yield. DSCR 2.00 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $32,463 in value; $1,082/yr in principal paydown compounds ownership stake. Total projected return: $60,460.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 6.5% |
| Monthly Cash Flow | $240 | $500 |
City averages based on Petersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,055 |
| Total Monthly Debt Service | $768 |
| DSCR Ratio | 1.37x |
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 1920
5,456 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62675, Petersburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,857 (100%) |
| Owner Occupied HU | 2,017 (70.6%) |
| Renter Occupied HU | 529 (18.5%) |
| Vacant Housing Units | 311 (10.9%) |
| Median Home Value | $201,480 |
| Average Home Value | $254,399 |
Housing Distribution
Address Breakdown
Residential
2,692
Single Family
2,597
Multi-Family
95
Businesses
197
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 1920
5,456 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62675, Petersburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,857 (100%) |
| Owner Occupied HU | 2,017 (70.6%) |
| Renter Occupied HU | 529 (18.5%) |
| Vacant Housing Units | 311 (10.9%) |
| Median Home Value | $201,480 |
| Average Home Value | $254,399 |
Housing Distribution
Address Breakdown
Residential
2,692
Single Family
2,597
Multi-Family
95
Businesses
197
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim Wenda • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1036132
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.