638 W 6th StMinonkIL61760
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow638 W 6th St, Minonk, IL, 61760 in Minonk is a solid income-producing rental, 12.14% gross yield, $1,314/mo rent, $413/mo net cash flow on a $129,900 buy. DSCR 2.25 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $35,889 and $1,196/yr in principal reduction project a total cumulative return of $76,280.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 6.5% |
| Monthly Cash Flow | $413 | $200 |
City averages based on Minonk market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,314 |
| Total Monthly Debt Service | $849 |
| DSCR Ratio | 1.55x |
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
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61760, Minonk, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,076 (100%) |
| Owner Occupied HU | 781 (72.6%) |
| Renter Occupied HU | 233 (21.7%) |
| Vacant Housing Units | 62 ( 5.8%) |
| Median Home Value | $135,021 |
| Average Home Value | $166,575 |
Housing Distribution
Address Breakdown
Residential
1,019
Single Family
996
Multi-Family
23
Businesses
79
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
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61760, Minonk, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,076 (100%) |
| Owner Occupied HU | 781 (72.6%) |
| Renter Occupied HU | 233 (21.7%) |
| Vacant Housing Units | 62 ( 5.8%) |
| Median Home Value | $135,021 |
| Average Home Value | $166,575 |
Housing Distribution
Address Breakdown
Residential
1,019
Single Family
996
Multi-Family
23
Businesses
79
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices