607 E 2nd StDelavanIL61734
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow607 E 2nd St, Delavan, IL, 61734 in Delavan is a solid income-producing rental, 10.24% gross yield, $1,920/mo rent, $360/mo net cash flow on a $224,900 buy. DSCR 1.90 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $62,136 and $2,071/yr in principal reduction project a total cumulative return of $109,203.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.0% |
| Monthly Cash Flow | $360 | $300 |
City averages based on Delavan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,920 |
| Total Monthly Debt Service | $1,470 |
| DSCR Ratio | 1.31x |
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 2024
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61734, Delavan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,180 (100%) |
| Owner Occupied HU | 885 (75.0%) |
| Renter Occupied HU | 185 (15.7%) |
| Vacant Housing Units | 110 ( 9.3%) |
| Median Home Value | $172,329 |
| Average Home Value | $199,186 |
Housing Distribution
Address Breakdown
Residential
885
Single Family
869
Multi-Family
16
Businesses
56
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 2024
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61734, Delavan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,180 (100%) |
| Owner Occupied HU | 885 (75.0%) |
| Renter Occupied HU | 185 (15.7%) |
| Vacant Housing Units | 110 ( 9.3%) |
| Median Home Value | $172,329 |
| Average Home Value | $199,186 |
Housing Distribution
Address Breakdown
Residential
885
Single Family
869
Multi-Family
16
Businesses
56
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices