201 S State StGriggsvilleIL62340
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 Griggsville at 201 S State St, Griggsville, IL, 62340 offers $1,464/mo rent that, after a $729/mo payment, leaves $363/mo cash flow. Total monthly income is $1,464/mo, and annual cash flow is $4,352/yr on $49,394 cash. Return on cash invested measures 28.72% in year one, and rental yield stands at 11.79% at a $149,000 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,166 by year five. Five-year ROI records 151.68% and total cumulative return in cash reaches $74,920. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,464/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62340, Griggsville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 782 (100%) |
| Owner Occupied HU | 529 (67.6%) |
| Renter Occupied HU | 147 (18.8%) |
| Vacant Housing Units | 106 (13.6%) |
| Median Home Value | $111,806 |
| Average Home Value | $158,176 |
Housing Distribution
Address Breakdown
Residential
555
Single Family
555
Multi-Family
0
Businesses
51
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Nearby investment properties with comparable prices
Listed by: Robin Callihan • Hometown Real Estate
Mls Name: My State MLS
Mls ID: #11480106