318 E Park CtGilmanIL60938
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.45% yield at 318 E Park Ct, Gilman, IL, 60938 in Gilman is solid, but the $854/mo payment compresses net cash flow to $178/mo at $189,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $52,466 by year five, and $1,749/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.75) without U.S. income documentation. Total projected return: $84,102.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.2% |
| Monthly Cash Flow | $178 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
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 | $1,495 |
| Total Monthly Debt Service | $1,242 |
| DSCR Ratio | 1.20x |
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 1974
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60938, Gilman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 909 (100%) |
| Owner Occupied HU | 625 (68.8%) |
| Renter Occupied HU | 182 (20.0%) |
| Vacant Housing Units | 102 (11.2%) |
| Median Home Value | $133,026 |
| Average Home Value | $156,212 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
821
Multi-Family
15
Businesses
109
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 1974
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60938, Gilman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 909 (100%) |
| Owner Occupied HU | 625 (68.8%) |
| Renter Occupied HU | 182 (20.0%) |
| Vacant Housing Units | 102 (11.2%) |
| Median Home Value | $133,026 |
| Average Home Value | $156,212 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
821
Multi-Family
15
Businesses
109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices