238 Sharen StGrovelandIL61535
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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 Groveland at 238 Sharen St, Groveland, IL, 61535 priced at $198,500 converts $1,566/mo rent into $189/mo cash flow after a $972/mo obligation. Total monthly income equals $1,566/mo, and annual cash flow totals $2,265/yr on $65,803 invested. Return on cash invested prints 23.35% in year one, and rental yield reads 9.47% against a $198,500 entry. Equity gained on principal adds $1,281/yr, while 5% annual appreciation compiles into $54,842 by year five. Five-year ROI reaches 122.3% and total cumulative return in cash sums $80,477. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,566/mo property income covering a $972/mo payment, not borrower’s personal income.
Single Family
Built in 1969
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61535, Groveland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 684 (89.8%) |
| Renter Occupied HU | 35 ( 4.6%) |
| Vacant Housing Units | 43 ( 5.6%) |
| Median Home Value | $309,322 |
| Average Home Value | $316,473 |
Housing Distribution
Address Breakdown
Residential
626
Single Family
626
Multi-Family
0
Businesses
27
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Listed by: Shelly Kensinger • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1256201
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.