307 N Meadow StGrant ParkIL60940
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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 Grant Park at 307 N Meadow St, Grant Park, IL, 60940 priced at $180,000 converts $1,487/mo rent into $239/mo cash flow after a $881/mo obligation. Total monthly income equals $1,487/mo, and annual cash flow totals $2,862/yr on $59,670 invested. Return on cash invested prints 24.71% in year one, and rental yield reads 9.91% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 129.58% and total cumulative return in cash sums $77,321. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,487/mo property income covering a $881/mo payment, not borrower’s personal income.
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
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Listed by: Cara Lipinski • McColly Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12439847