224 E South StFranklin GroveIL61031
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 224 E South St, Franklin Grove, IL, 61031 in Franklin Grove delivers $1,592/mo in gross rent and $379/mo in net monthly income at a $174,900 entry. The 10.93% yield and 2.03 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $48,322 over five years and $1,611/yr in equity from loan paydown, total projected return is $91,297.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.0% |
| Monthly Cash Flow | $379 | $300 |
City averages based on Franklin Grove 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 | $1,592 |
| Total Monthly Debt Service | $1,144 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1886
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61031, Franklin Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 714 (100%) |
| Owner Occupied HU | 467 (65.4%) |
| Renter Occupied HU | 156 (21.8%) |
| Vacant Housing Units | 91 (12.7%) |
| Median Home Value | $146,389 |
| Average Home Value | $186,852 |
Housing Distribution
Address Breakdown
Residential
479
Single Family
429
Multi-Family
50
Businesses
42
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
Single Family
Built in 1886
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61031, Franklin Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 714 (100%) |
| Owner Occupied HU | 467 (65.4%) |
| Renter Occupied HU | 156 (21.8%) |
| Vacant Housing Units | 91 (12.7%) |
| Median Home Value | $146,389 |
| Average Home Value | $186,852 |
Housing Distribution
Address Breakdown
Residential
479
Single Family
429
Multi-Family
50
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12620253