216 N Union StGriggsvilleIL62340
Nearby investment properties with comparable rents
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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 Griggsville at 216 N Union St, Griggsville, IL, 62340 offers $1,358/mo rent that, after a $685/mo payment, leaves $387/mo cash flow. Total monthly income is $1,358/mo, and annual cash flow is $4,646/yr on $46,410 cash. Return on cash invested measures 29.92% in year one, and rental yield stands at 11.64% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 157.62% and total cumulative return in cash reaches $73,150. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,358/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
N/A 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: N/A • N/A
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