602 5th Ave WAndalusiaIL61232
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Andalusia rentals match the income profile of 602 5th Ave W, Andalusia, IL, 61232. Listed at $239,999, gross rent is $2,238/mo and net cash flow is $573/mo, a 11.19% yield well above national averages. DSCR 2.07 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $66,307 by year five with $2,210/yr in annual principal reduction, projecting $128,669 in total cumulative return.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.2% |
| Monthly Cash Flow | $573 | $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 | $2,238 |
| Total Monthly Debt Service | $1,569 |
| DSCR Ratio | 1.43x |
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 1977
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61232, Andalusia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 569 (100%) |
| Owner Occupied HU | 486 (85.4%) |
| Renter Occupied HU | 60 (10.5%) |
| Vacant Housing Units | 23 ( 4.0%) |
| Median Home Value | $225,581 |
| Average Home Value | $223,498 |
Housing Distribution
Address Breakdown
Residential
404
Single Family
404
Multi-Family
0
Businesses
34
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 1977
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61232, Andalusia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 569 (100%) |
| Owner Occupied HU | 486 (85.4%) |
| Renter Occupied HU | 60 (10.5%) |
| Vacant Housing Units | 23 ( 4.0%) |
| Median Home Value | $225,581 |
| Average Home Value | $223,498 |
Housing Distribution
Address Breakdown
Residential
404
Single Family
404
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices