804 SW 3rd StCaseyIL62420
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 804 SW 3rd St, Casey, IL, 62420 in Casey is narrow, $40/mo net on $1,080/mo rent after the $674/mo debt service, but the property operates at break-even-plus, not a loss. At $150,000 with a 8.64% yield, the long-run equity case via 5% appreciation ($41,442 over five years) and $1,382/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.60 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $59,948.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 8.0% |
| Monthly Cash Flow | $40 | $400 |
City averages based on Casey market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,080 |
| Total Monthly Debt Service | $981 |
| DSCR Ratio | 1.10x |
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 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62420, Casey, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,027 (100%) |
| Owner Occupied HU | 1,431 (70.6%) |
| Renter Occupied HU | 334 (16.5%) |
| Vacant Housing Units | 262 (12.9%) |
| Median Home Value | $130,452 |
| Average Home Value | $181,298 |
Housing Distribution
Address Breakdown
Residential
1,846
Single Family
1,843
Multi-Family
3
Businesses
193
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 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62420, Casey, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,027 (100%) |
| Owner Occupied HU | 1,431 (70.6%) |
| Renter Occupied HU | 334 (16.5%) |
| Vacant Housing Units | 262 (12.9%) |
| Median Home Value | $130,452 |
| Average Home Value | $181,298 |
Housing Distribution
Address Breakdown
Residential
1,846
Single Family
1,843
Multi-Family
3
Businesses
193
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices