(Undisclosed Address)WatermanIL60556
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at (Undisclosed Address), Waterman, IL, 60556 in Waterman. Priced at $310,000, it generates $5,650/mo in gross rent and $3,474/mo in net monthly cash flow, a 21.87% yield that comfortably supports the 4.05 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $41,693. Five-year appreciation: $85,647. Equity from principal paydown: $2,855/yr. Total projected cumulative return: $342,312.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 21.9% | 5.0% |
| Monthly Cash Flow | $3,474 | $200 |
City averages based on Waterman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,650 |
| Total Monthly Debt Service | $2,052 |
| DSCR Ratio | 2.75x |
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 2007
9,800 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60556, Waterman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 858 (100%) |
| Owner Occupied HU | 625 (72.8%) |
| Renter Occupied HU | 164 (19.1%) |
| Vacant Housing Units | 69 ( 8.0%) |
| Median Home Value | $262,649 |
| Average Home Value | $295,472 |
Housing Distribution
Address Breakdown
Residential
673
Single Family
648
Multi-Family
25
Businesses
55
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 2007
9,800 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60556, Waterman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 858 (100%) |
| Owner Occupied HU | 625 (72.8%) |
| Renter Occupied HU | 164 (19.1%) |
| Vacant Housing Units | 69 ( 8.0%) |
| Median Home Value | $262,649 |
| Average Home Value | $295,472 |
Housing Distribution
Address Breakdown
Residential
673
Single Family
648
Multi-Family
25
Businesses
55
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.