114 W 3rd StGridleyIL61744
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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 Gridley at 114 W 3rd St, Gridley, IL, 61744 offers a 0% rental yield on a $112,000 purchase with $0/mo rent. 19% in year one. Equity gained on principal adds $723/yr while 5% annual appreciation supports $30,944 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $548/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
8,000 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
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