6347 E 400th StLynn CenterIL61262
INVESTMENT ANALYSIS
Investment Verdict
Solid Income6347 E 400th St, Lynn Center, IL, 61262 in Lynn Center is a solid income-producing rental, 9.75% gross yield, $1,829/mo rent, $268/mo net cash flow on a $225,000 buy. DSCR 1.81 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $62,163 and $2,072/yr in principal reduction project a total cumulative return of $103,320.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 10.0% |
| Monthly Cash Flow | $268 | $300 |
City averages based on Lynn Center market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,829 |
| Total Monthly Debt Service | $1,471 |
| DSCR Ratio | 1.24x |
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 1899
2.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61262, Lynn Center, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 320 (100%) |
| Owner Occupied HU | 282 (88.1%) |
| Renter Occupied HU | 17 ( 5.3%) |
| Vacant Housing Units | 21 ( 6.6%) |
| Median Home Value | $225,000 |
| Average Home Value | $233,803 |
Housing Distribution
Address Breakdown
Residential
280
Single Family
280
Multi-Family
0
Businesses
9
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 1899
2.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61262, Lynn Center, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 320 (100%) |
| Owner Occupied HU | 282 (88.1%) |
| Renter Occupied HU | 17 ( 5.3%) |
| Vacant Housing Units | 21 ( 6.6%) |
| Median Home Value | $225,000 |
| Average Home Value | $233,803 |
Housing Distribution
Address Breakdown
Residential
280
Single Family
280
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eric Ryden • Quad Cities Iowa Realty - Moline
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4264030
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.