715 Morgan StChapinIL62628
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 715 Morgan St, Chapin, IL, 62628 in Chapin at $110,000 earns $851/mo in rent and nets $88/mo after the $495/mo payment, a 9.28% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $30,391 over five years. Ziffy Mortgage underwrites this on a 1.72 DSCR without U.S. credit history. With $1,013/yr in principal paydown, total projected return reaches $47,761.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.0% |
| Monthly Cash Flow | $88 | $1,000 |
City averages based on Chapin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $851 |
| Total Monthly Debt Service | $719 |
| DSCR Ratio | 1.18x |
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 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62628, Chapin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 360 (100%) |
| Owner Occupied HU | 290 (80.6%) |
| Renter Occupied HU | 50 (13.9%) |
| Vacant Housing Units | 20 ( 5.6%) |
| Median Home Value | $117,788 |
| Average Home Value | $172,405 |
Housing Distribution
Address Breakdown
Residential
253
Single Family
253
Multi-Family
0
Businesses
21
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 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62628, Chapin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 360 (100%) |
| Owner Occupied HU | 290 (80.6%) |
| Renter Occupied HU | 50 (13.9%) |
| Vacant Housing Units | 20 ( 5.6%) |
| Median Home Value | $117,788 |
| Average Home Value | $172,405 |
Housing Distribution
Address Breakdown
Residential
253
Single Family
253
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices