708 Main StHenryIL61537
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 708 Main St, Henry, IL, 61537 in Henry worth modelling. At $104,999 with a 10.43% gross yield, the $913/mo rent leaves $185/mo after the $472/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.93 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $29,009 by year five; $967/yr in principal reduction adds further equity. Total projected return: $52,071.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 9.0% |
| Monthly Cash Flow | $185 | $1,500 |
City averages based on Henry market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $913 |
| Total Monthly Debt Service | $687 |
| DSCR Ratio | 1.33x |
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 1923
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61537, Henry, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 961 (71.4%) |
| Renter Occupied HU | 273 (20.3%) |
| Vacant Housing Units | 111 ( 8.3%) |
| Median Home Value | $139,145 |
| Average Home Value | $178,174 |
Housing Distribution
Address Breakdown
Residential
1,196
Single Family
1,133
Multi-Family
63
Businesses
109
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 1923
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61537, Henry, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 961 (71.4%) |
| Renter Occupied HU | 273 (20.3%) |
| Vacant Housing Units | 111 ( 8.3%) |
| Median Home Value | $139,145 |
| Average Home Value | $178,174 |
Housing Distribution
Address Breakdown
Residential
1,196
Single Family
1,133
Multi-Family
63
Businesses
109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices