928 N Springfield StVirdenIL62690
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 928 N Springfield St, Virden, IL, 62690 in Virden speaks for itself: 26.27% gross on a $140,000 price, generating $3,065/mo in rent and $2,094/mo in net income after the $630/mo debt service. DSCR 4.87, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $25,125 stacks alongside $38,679 in projected five-year appreciation and $1,289/yr in principal reduction. Projected total cumulative return: $188,292.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 26.3% | 7.0% |
| Monthly Cash Flow | $2,094 | $300 |
City averages based on Virden market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,065 |
| Total Monthly Debt Service | $915 |
| DSCR Ratio | 3.35x |
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 1920
9,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62690, Virden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,210 (65.2%) |
| Renter Occupied HU | 423 (22.8%) |
| Vacant Housing Units | 223 (12.0%) |
| Median Home Value | $114,819 |
| Average Home Value | $148,977 |
Housing Distribution
Address Breakdown
Residential
1,674
Single Family
1,656
Multi-Family
18
Businesses
143
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 1920
9,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62690, Virden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 1,210 (65.2%) |
| Renter Occupied HU | 423 (22.8%) |
| Vacant Housing Units | 223 (12.0%) |
| Median Home Value | $114,819 |
| Average Home Value | $148,977 |
Housing Distribution
Address Breakdown
Residential
1,674
Single Family
1,656
Multi-Family
18
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices