29498 420th StGriggsvilleIL62340
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 29498 420th St, Griggsville, IL, 62340 in Griggsville at $150,000 earns $1,195/mo in rent and nets $155/mo after the $674/mo payment, a 9.56% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $41,442 over five years. Ziffy Mortgage underwrites this on a 1.77 DSCR without U.S. credit history. With $1,382/yr in principal paydown, total projected return reaches $67,352.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 8.0% |
| Monthly Cash Flow | $155 | $300 |
City averages based on Griggsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,195 |
| Total Monthly Debt Service | $981 |
| DSCR Ratio | 1.22x |
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 1976
2.16 Acres 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
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 1976
2.16 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marlee Schultz • Whitetail Properties Real Esta
Mls Name: RMLS Alliance
Mls ID: #CA1037814