New Harmony Rd Lot Wp001GolcondaIL62938
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Golconda at New Harmony Rd Lot Wp001, Golconda, IL, 62938 projects strong ROI of -5.17%. Rental yield 0.47%. With 5% annual appreciation, the property builds $1,042,908 in value over five years. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0.5% | 6.0% |
| Monthly Cash Flow | $(24,719) | $150 |
City averages based on Golconda 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 | $1,464 |
| Total Monthly Debt Service | $24,681 |
| DSCR Ratio | 0.06x |
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62938, Golconda, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,718 (100%) |
| Owner Occupied HU | 1,004 (58.4%) |
| Renter Occupied HU | 219 (12.7%) |
| Vacant Housing Units | 495 (28.8%) |
| Median Home Value | $174,788 |
| Average Home Value | $201,892 |
Housing Distribution
Address Breakdown
Residential
1,134
Single Family
1,134
Multi-Family
0
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62938, Golconda, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,718 (100%) |
| Owner Occupied HU | 1,004 (58.4%) |
| Renter Occupied HU | 219 (12.7%) |
| Vacant Housing Units | 495 (28.8%) |
| Median Home Value | $174,788 |
| Average Home Value | $201,892 |
Housing Distribution
Address Breakdown
Residential
1,134
Single Family
1,134
Multi-Family
0
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.