208 E 8th 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 208 E 8th St, Gridley, IL, 61744 uses $66,267 cash to close to unlock $11,446/yr annual cash flow and $954/mo monthly cash flow. Total monthly income runs $2,340/mo, and a $978/mo payment keeps the spread at $954/mo. Purchase price stands at $199,900, and rental yield measures 14.05% with $2,340/mo rent. Return on cash invested shows 37.18% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 196.44% and total cumulative return in cash records $130,177. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.29 Acres 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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