2086 N 21st RdGrand RidgeIL61325
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeFor first-time U.S. investors or those diversifying conservatively, 2086 N 21st Rd, Grand Ridge, IL, 61325 in Grand Ridge offers a clean, manageable entry. Rental yield 8%. DSCR 1.41 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $99,434 in additional property value over five years, with $3,017/yr in principal equity building ownership stake. Total projected cumulative return: $124,659.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 9.0% |
| Monthly Cash Flow | $(97) | $300 |
City averages based on Grand Ridge market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,399 |
| Total Monthly Debt Service | $2,441 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1869
1.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61325, Grand Ridge, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 401 (100%) |
| Owner Occupied HU | 332 (82.8%) |
| Renter Occupied HU | 42 (10.5%) |
| Vacant Housing Units | 27 ( 6.7%) |
| Median Home Value | $198,333 |
| Average Home Value | $252,861 |
Housing Distribution
Address Breakdown
Residential
322
Single Family
322
Multi-Family
0
Businesses
29
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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
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Listed by: Ryan Cherney • Circle One Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12802708
