307 N Meadow StGrant ParkIL60940
INVESTMENT ANALYSIS
Investment Verdict
Solid Income307 N Meadow St, Grant Park, IL, 60940 in Grant Park is a solid income-producing rental, 9.91% gross yield, $1,487/mo rent, $238/mo net cash flow on a $180,000 buy. DSCR 1.84 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $49,731 and $1,658/yr in principal reduction project a total cumulative return of $84,235.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.0% |
| Monthly Cash Flow | $238 | $1,500 |
City averages based on Grant Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,487 |
| Total Monthly Debt Service | $1,177 |
| DSCR Ratio | 1.26x |
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 1920
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60940, Grant Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,335 (100%) |
| Owner Occupied HU | 1,029 (77.1%) |
| Renter Occupied HU | 234 (17.5%) |
| Vacant Housing Units | 72 ( 5.4%) |
| Median Home Value | $251,741 |
| Average Home Value | $291,686 |
Housing Distribution
Address Breakdown
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
87
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 1920
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60940, Grant Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,335 (100%) |
| Owner Occupied HU | 1,029 (77.1%) |
| Renter Occupied HU | 234 (17.5%) |
| Vacant Housing Units | 72 ( 5.4%) |
| Median Home Value | $251,741 |
| Average Home Value | $291,686 |
Housing Distribution
Address Breakdown
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
87
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cara Lipinski • McColly Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12439847