612 N Broadway StShelbyvilleIL62565
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 612 N Broadway St, Shelbyville, IL, 62565 in Shelbyville. Rental yield 5.25%. At $200,900 with 5.25% gross yield, current distributions are modest, but the 5% appreciation rate projects $55,505 in new equity by year five, complemented by $1,850/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.97) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $43,830.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.3% | 7.0% |
| Monthly Cash Flow | $(514) | $300 |
City averages based on Shelbyville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $880 |
| Total Monthly Debt Service | $1,314 |
| DSCR Ratio | 0.67x |
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 N/A
0.37 Acres 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 N/A
0.37 Acres 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: Frank Rusin • Four Seasons Realty, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12573748