711 8th StColonaIL61241
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 711 8th St, Colona, IL, 61241 in Colona at $114,999 earns $895/mo in rent and nets $97/mo after the $517/mo payment, a 9.34% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $31,772 over five years. Ziffy Mortgage underwrites this on a 1.73 DSCR without U.S. credit history. With $1,059/yr in principal paydown, total projected return reaches $50,291.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $97 | $200 |
City averages based on Colona market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $895 |
| Total Monthly Debt Service | $752 |
| DSCR Ratio | 1.19x |
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 1943
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61241, Colona, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,961 (100%) |
| Owner Occupied HU | 2,412 (81.5%) |
| Renter Occupied HU | 372 (12.6%) |
| Vacant Housing Units | 177 ( 6.0%) |
| Median Home Value | $170,370 |
| Average Home Value | $193,296 |
Housing Distribution
Address Breakdown
Residential
2,836
Single Family
2,836
Multi-Family
0
Businesses
118
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 1943
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61241, Colona, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,961 (100%) |
| Owner Occupied HU | 2,412 (81.5%) |
| Renter Occupied HU | 372 (12.6%) |
| Vacant Housing Units | 177 ( 6.0%) |
| Median Home Value | $170,370 |
| Average Home Value | $193,296 |
Housing Distribution
Address Breakdown
Residential
2,836
Single Family
2,836
Multi-Family
0
Businesses
118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tiffany Massey-Wessels • NextHome QC Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4266983
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.