616 Grand AveSaint DavidIL61563
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 616 Grand Ave, Saint David, IL, 61563 in Saint David: $1,559/mo in rent, $831/mo net, 17.83% gross yield, all on a $104,900 acquisition. The 3.30 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $28,982 in value, and $966/yr in principal paydown steadily builds equity. Projected total cumulative return: $93,606.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.8% | 6.0% |
| Monthly Cash Flow | $831 | $1,200 |
City averages based on Saint David market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,559 |
| Total Monthly Debt Service | $686 |
| DSCR Ratio | 2.27x |
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 N/A
4,895 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61563, Saint David, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 246 (100%) |
| Owner Occupied HU | 179 (72.8%) |
| Renter Occupied HU | 27 (11.0%) |
| Vacant Housing Units | 40 (16.3%) |
| Median Home Value | $120,625 |
| Average Home Value | $138,352 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
7
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
4,895 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61563, Saint David, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 246 (100%) |
| Owner Occupied HU | 179 (72.8%) |
| Renter Occupied HU | 27 (11.0%) |
| Vacant Housing Units | 40 (16.3%) |
| Median Home Value | $120,625 |
| Average Home Value | $138,352 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices