812 W 3rd StGilmanIL60938
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 812 W 3rd St, Gilman, IL, 60938 in Gilman delivers $1,646/mo in gross rent and $295/mo in net monthly income at a $194,900 entry. The 10.14% yield and 1.88 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $53,847 over five years and $1,795/yr in equity from loan paydown, total projected return is $93,544.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.0% |
| Monthly Cash Flow | $295 | $300 |
City averages based on Gilman market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,646 |
| Total Monthly Debt Service | $1,274 |
| DSCR Ratio | 1.29x |
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 1981
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60938, Gilman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 909 (100%) |
| Owner Occupied HU | 625 (68.8%) |
| Renter Occupied HU | 182 (20.0%) |
| Vacant Housing Units | 102 (11.2%) |
| Median Home Value | $133,026 |
| Average Home Value | $156,212 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
821
Multi-Family
15
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 1981
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60938, Gilman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 909 (100%) |
| Owner Occupied HU | 625 (68.8%) |
| Renter Occupied HU | 182 (20.0%) |
| Vacant Housing Units | 102 (11.2%) |
| Median Home Value | $133,026 |
| Average Home Value | $156,212 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
821
Multi-Family
15
Businesses
109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices