102 W Grove StMc ConnellIL61050
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
Investment Highlights
Rental property for sale in Mc Connell at 102 W Grove St, Mc Connell, IL, 61050 offers $1,002/mo rent that, after a $636/mo payment, leaves $101/mo cash flow. Total monthly income is $1,002/mo, and annual cash flow is $1,207/yr on $43,095 cash. Return on cash invested measures 22.71% in year one, and rental yield stands at 9.25% at a $130,000 entry. Equity gained on principal adds $839/yr while 5% annual appreciation compounds into $35,917 by year five. Five-year ROI records 118.88% and total cumulative return in cash reaches $51,231. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,002/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1895
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61050, Mc Connell, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 169 (100%) |
| Owner Occupied HU | 127 (75.1%) |
| Renter Occupied HU | 26 (15.4%) |
| Vacant Housing Units | 16 ( 9.5%) |
| Median Home Value | $195,313 |
| Average Home Value | $284,606 |
Housing Distribution
Address Breakdown
Residential
121
Single Family
121
Multi-Family
0
Businesses
10
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Listed by: WILLIAM SCHEIDER • Pat Brown Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202500906
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