303 S Grove StColfaxIL61728
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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
Investment property for sale in Colfax at 303 S Grove St, Colfax, IL, 61728 offers a 14.8% rental yield on a $114,900 purchase with $1,417/mo rent. Total monthly income registers $1,417/mo, and a $562/mo payment leaves $620/mo available for distribution. Annual cash flow reaches $7,445/yr on $38,089 to close, and return on cash invested stands at 39.45% in year one. Equity gained on principal adds $741/yr while 5% annual appreciation supports $31,745 over five years. Portfolio math shows five-year ROI at 208.72% and total cumulative return in cash at $79,502. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,417/mo property income against a $562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61728, Colfax, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 606 (100%) |
| Owner Occupied HU | 469 (77.4%) |
| Renter Occupied HU | 92 (15.2%) |
| Vacant Housing Units | 45 ( 7.4%) |
| Median Home Value | $164,338 |
| Average Home Value | $211,599 |
Housing Distribution
Address Breakdown
Residential
499
Single Family
499
Multi-Family
0
Businesses
41
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