866 N State Route 2OregonIL61061
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 866 N State Route 2, Oregon, IL, 61061 in Oregon fits: $415,900, 5.41% gross yield, and a projected 5% annual appreciation rate adding $114,906 in value within five years. Rental yield 5.41%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (1.00) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $3,830/yr in principal paydown and $114,906 in appreciation project a total return of $89,579.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.4% | 7.0% |
| Monthly Cash Flow | $(1,085) | $500 |
City averages based on Oregon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,874 |
| Total Monthly Debt Service | $2,793 |
| DSCR Ratio | 0.67x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1993
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61061, Oregon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,348 (100%) |
| Owner Occupied HU | 2,249 (67.2%) |
| Renter Occupied HU | 792 (23.7%) |
| Vacant Housing Units | 307 ( 9.2%) |
| Median Home Value | $223,295 |
| Average Home Value | $290,081 |
Housing Distribution
Address Breakdown
Residential
3,108
Single Family
2,946
Multi-Family
162
Businesses
321
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 1993
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61061, Oregon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,348 (100%) |
| Owner Occupied HU | 2,249 (67.2%) |
| Renter Occupied HU | 792 (23.7%) |
| Vacant Housing Units | 307 ( 9.2%) |
| Median Home Value | $223,295 |
| Average Home Value | $290,081 |
Housing Distribution
Address Breakdown
Residential
3,108
Single Family
2,946
Multi-Family
162
Businesses
321
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine Wilke • Best Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202500339
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.