793 County Road 635 EWayne CityIL62895
INVESTMENT ANALYSIS
Investment Verdict
Solid Income793 County Road 635 E, Wayne City, IL, 62895 in Wayne City is a solid income-producing rental, 9.72% gross yield, $1,681/mo rent, $242/mo net cash flow on a $207,500 buy. DSCR 1.80 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $57,328 and $1,911/yr in principal reduction project a total cumulative return of $94,958.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.0% |
| Monthly Cash Flow | $242 | $1,200 |
City averages based on Wayne City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,681 |
| Total Monthly Debt Service | $1,357 |
| DSCR Ratio | 1.24x |
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 1933
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62895, Wayne City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 779 (100%) |
| Owner Occupied HU | 546 (70.1%) |
| Renter Occupied HU | 141 (18.1%) |
| Vacant Housing Units | 92 (11.8%) |
| Median Home Value | $136,111 |
| Average Home Value | $151,740 |
Housing Distribution
Address Breakdown
Residential
699
Single Family
669
Multi-Family
30
Businesses
57
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 1933
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62895, Wayne City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 779 (100%) |
| Owner Occupied HU | 546 (70.1%) |
| Renter Occupied HU | 141 (18.1%) |
| Vacant Housing Units | 92 (11.8%) |
| Median Home Value | $136,111 |
| Average Home Value | $151,740 |
Housing Distribution
Address Breakdown
Residential
699
Single Family
669
Multi-Family
30
Businesses
57
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa McKinney • C21 All Pro Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12549757