821 N State StLitchfieldIL62056
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Litchfield rental at 821 N State St, Litchfield, IL, 62056 sits in the solid-income band: 9.3% gross yield, $2,246/mo rent, $236/mo net after the $1,304/mo debt service, DSCR 1.72. Entry price of $289,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $80,094 and $2,670/yr in principal reduction bring total cumulative return to $126,024.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.0% |
| Monthly Cash Flow | $236 | $300 |
City averages based on Litchfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,246 |
| Total Monthly Debt Service | $1,895 |
| 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 1930
8,786 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62056, Litchfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,979 (100%) |
| Owner Occupied HU | 2,573 (64.7%) |
| Renter Occupied HU | 960 (24.1%) |
| Vacant Housing Units | 446 (11.2%) |
| Median Home Value | $130,117 |
| Average Home Value | $191,364 |
Housing Distribution
Address Breakdown
Residential
3,757
Single Family
3,582
Multi-Family
175
Businesses
421
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 1930
8,786 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62056, Litchfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,979 (100%) |
| Owner Occupied HU | 2,573 (64.7%) |
| Renter Occupied HU | 960 (24.1%) |
| Vacant Housing Units | 446 (11.2%) |
| Median Home Value | $130,117 |
| Average Home Value | $191,364 |
Housing Distribution
Address Breakdown
Residential
3,757
Single Family
3,582
Multi-Family
175
Businesses
421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Cisler • Cisler & Associates Real Estate
Mls Name: MARIS
Mls ID: #25058794