108 E Gridley RdGridleyIL61744
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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
Rental property for sale in Gridley at 108 E Gridley Rd, Gridley, IL, 61744 offers $0/mo rent that, after a $994/mo payment. Total monthly income is $0/mo. Return on cash invested measures -5.21% in year one, and rental yield stands at 0% at a $203,000 entry. Equity gained on principal adds $1,310/yr while 5% annual appreciation compounds into $56,085 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $994/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
8,330 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61744, Gridley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 833 (100%) |
| Owner Occupied HU | 615 (73.8%) |
| Renter Occupied HU | 142 (17.0%) |
| Vacant Housing Units | 76 ( 9.1%) |
| Median Home Value | $168,990 |
| Average Home Value | $225,106 |
Housing Distribution
Address Breakdown
Residential
620
Single Family
602
Multi-Family
18
Businesses
52
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices