605 W North 9th StShelbyvilleIL62565
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 605 W North 9th St, Shelbyville, IL, 62565 in Shelbyville hard to pass up. The 13.02% gross yield on a $170,000 purchase results in $1,844/mo in rent and $665/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.41). Annual cash flow of $7,983, five-year appreciation of $46,968, and $1,566/yr in equity build-up combine for a projected total cumulative return of $107,820.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13% | 7.0% |
| Monthly Cash Flow | $665 | $300 |
City averages based on Shelbyville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,844 |
| Total Monthly Debt Service | $1,112 |
| DSCR Ratio | 1.66x |
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 1966
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62565, Shelbyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,640 (100%) |
| Owner Occupied HU | 2,421 (66.5%) |
| Renter Occupied HU | 797 (21.9%) |
| Vacant Housing Units | 422 (11.6%) |
| Median Home Value | $172,283 |
| Average Home Value | $222,582 |
Housing Distribution
Address Breakdown
Residential
3,282
Single Family
3,187
Multi-Family
95
Businesses
314
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 1966
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62565, Shelbyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,640 (100%) |
| Owner Occupied HU | 2,421 (66.5%) |
| Renter Occupied HU | 797 (21.9%) |
| Vacant Housing Units | 422 (11.6%) |
| Median Home Value | $172,283 |
| Average Home Value | $222,582 |
Housing Distribution
Address Breakdown
Residential
3,282
Single Family
3,187
Multi-Family
95
Businesses
314
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristina Frost • Glenda Williamson Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #6254227
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.