106 N Main StEllis GroveIL62241
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 106 N Main St, Ellis Grove, IL, 62241 in Ellis Grove is capital appreciation. Rental yield 0%. The 0% gross yield at $107,500 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $29,700 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.00) without U.S. credit history; structure with a larger down payment to optimise coverage.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 8.0% |
| Monthly Cash Flow | $0 | $500 |
City averages based on Ellis Grove market data in our database. Property projections are estimates.
Single Family
Built in 1940
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62241, Ellis Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 454 (100%) |
| Owner Occupied HU | 336 (74.0%) |
| Renter Occupied HU | 71 (15.6%) |
| Vacant Housing Units | 47 (10.4%) |
| Median Home Value | $158,051 |
| Average Home Value | $180,402 |
Housing Distribution
Address Breakdown
Residential
412
Single Family
412
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1940
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62241, Ellis Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 454 (100%) |
| Owner Occupied HU | 336 (74.0%) |
| Renter Occupied HU | 71 (15.6%) |
| Vacant Housing Units | 47 (10.4%) |
| Median Home Value | $158,051 |
| Average Home Value | $180,402 |
Housing Distribution
Address Breakdown
Residential
412
Single Family
412
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MARIS
Mls ID: #26036260