1042 Centennial AveGladstoneIL61437
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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
Investment property for sale in Gladstone at 1042 Centennial Ave, Gladstone, IL, 61437 with 5% annual appreciation on a $294,000 basis while $2,105/mo rent supports operations. Total monthly income totals $2,105/mo and a $1,439/mo payment preserves $66/mo for cash returns. Annual cash flow comes to $789/yr on $97,461 deployed, and return on cash invested reaches 20.72% in year one. Equity gained on principal adds $1,897/yr, and five-year appreciation sums $81,227 alongside rental yield of 8.59%. Five-year ROI measures 108.18% and total cumulative return in cash totals $105,432.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,105/mo property income versus a $1,439/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61437, Gladstone, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 461 (100%) |
| Owner Occupied HU | 328 (71.1%) |
| Renter Occupied HU | 57 (12.4%) |
| Vacant Housing Units | 76 (16.5%) |
| Median Home Value | $157,237 |
| Average Home Value | $152,363 |
Housing Distribution
Address Breakdown
Residential
242
Single Family
241
Multi-Family
1
Businesses
15
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Listed by: Richard Goff • Goff Real Estate & Appraisals
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6323677
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.