224 E Main StGraftonIL62037
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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 Grafton at 224 E Main St, Grafton, IL, 62037 priced at $495,000 converts $2,155/mo rent into after a $2,423/mo obligation. Total monthly income equals $2,155/mo. Return on cash invested prints 10.56% in year one, and rental yield reads 5.22% against a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation compiles into $136,759 by year five. Five-year ROI reaches 53.68% and total cumulative return in cash sums $88,090. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,155/mo property income covering a $2,423/mo payment, not borrower’s personal income.
Single Family
Built in 1880
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62037, Grafton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,020 (100%) |
| Owner Occupied HU | 671 (65.8%) |
| Renter Occupied HU | 96 ( 9.4%) |
| Vacant Housing Units | 253 (24.8%) |
| Median Home Value | $233,125 |
| Average Home Value | $304,706 |
Housing Distribution
Address Breakdown
Residential
734
Single Family
705
Multi-Family
29
Businesses
62
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