613 E Howe AveIrvingtonIL62848
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.1% yield at 613 E Howe Ave, Irvington, IL, 62848 in Irvington is solid, but the $967/mo payment compresses net cash flow to $140/mo at $215,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $59,401 by year five, and $1,980/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.69) without U.S. income documentation. Total projected return: $91,252.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 8.0% |
| Monthly Cash Flow | $140 | $1,200 |
City averages based on Irvington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,631 |
| Total Monthly Debt Service | $1,406 |
| DSCR Ratio | 1.16x |
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 2000
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62848, Irvington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 276 (100%) |
| Owner Occupied HU | 178 (64.5%) |
| Renter Occupied HU | 57 (20.7%) |
| Vacant Housing Units | 41 (14.9%) |
| Median Home Value | $86,111 |
| Average Home Value | $117,289 |
Housing Distribution
Address Breakdown
Residential
2
Single Family
2
Multi-Family
0
Businesses
13
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 2000
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62848, Irvington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 276 (100%) |
| Owner Occupied HU | 178 (64.5%) |
| Renter Occupied HU | 57 (20.7%) |
| Vacant Housing Units | 41 (14.9%) |
| Median Home Value | $86,111 |
| Average Home Value | $117,289 |
Housing Distribution
Address Breakdown
Residential
2
Single Family
2
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices