617 E Jackson StBelvidereIL61008
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 617 E Jackson St, Belvidere, IL, 61008 in Belvidere speaks for itself: 11.74% gross on a $187,500 price, generating $1,761/mo in rent and $512/mo in net income after the $843/mo debt service. DSCR 2.09, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,150 stacks alongside $51,803 in projected five-year appreciation and $1,727/yr in principal reduction. Projected total cumulative return: $101,386.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 7.0% |
| Monthly Cash Flow | $512 | $1,200 |
City averages based on Belvidere market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,761 |
| Total Monthly Debt Service | $1,226 |
| DSCR Ratio | 1.44x |
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 1972
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61008, Belvidere, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,954 (100%) |
| Owner Occupied HU | 9,284 (71.7%) |
| Renter Occupied HU | 3,087 (23.8%) |
| Vacant Housing Units | 583 ( 4.5%) |
| Median Home Value | $198,963 |
| Average Home Value | $235,058 |
Housing Distribution
Address Breakdown
Residential
12,742
Single Family
12,220
Multi-Family
522
Businesses
839
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 1972
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61008, Belvidere, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,954 (100%) |
| Owner Occupied HU | 9,284 (71.7%) |
| Renter Occupied HU | 3,087 (23.8%) |
| Vacant Housing Units | 583 ( 4.5%) |
| Median Home Value | $198,963 |
| Average Home Value | $235,058 |
Housing Distribution
Address Breakdown
Residential
12,742
Single Family
12,220
Multi-Family
522
Businesses
839
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ken Redeker • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503208
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.