705 E Chestnut StMason CityIL62664
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 705 E Chestnut St, Mason City, IL, 62664 in Mason City: $1,548/mo in rent, $508/mo net, 12.38% gross yield, all on a $150,000 acquisition. The 2.30 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 $41,442 in value, and $1,382/yr in principal paydown steadily builds equity. Projected total cumulative return: $90,056.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 7.2% |
| Monthly Cash Flow | $508 | $400 |
City averages based on Mason City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,548 |
| Total Monthly Debt Service | $981 |
| DSCR Ratio | 1.58x |
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.
Multi Family
Built in 1899
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62664, Mason City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,289 (100%) |
| Owner Occupied HU | 893 (69.3%) |
| Renter Occupied HU | 221 (17.1%) |
| Vacant Housing Units | 175 (13.6%) |
| Median Home Value | $108,512 |
| Average Home Value | $122,251 |
Housing Distribution
Address Breakdown
Residential
1,178
Single Family
1,178
Multi-Family
0
Businesses
91
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
Multi Family
Built in 1899
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62664, Mason City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,289 (100%) |
| Owner Occupied HU | 893 (69.3%) |
| Renter Occupied HU | 221 (17.1%) |
| Vacant Housing Units | 175 (13.6%) |
| Median Home Value | $108,512 |
| Average Home Value | $122,251 |
Housing Distribution
Address Breakdown
Residential
1,178
Single Family
1,178
Multi-Family
0
Businesses
91
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: RMLS Alliance as distributed by MLS GRID
Mls ID: #CA1042522