316 N Commerce StGilmanIL60938
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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 Gilman at 316 N Commerce St, Gilman, IL, 60938 at $219,900 posts ROI 21.37% with $89/mo cash flow from $1,614/mo rent. Total monthly income equals $1,614/mo, and annual cash flow records $1,068/yr on $72,897 to close. Return on cash invested measures 21.37% and rental yield reads 8.81% at the current $219,900. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 by year five. Five-year ROI prints 111.73% and total cumulative return in cash totals $81,448.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,614/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1966
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60938, Gilman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 909 (100%) |
| Owner Occupied HU | 625 (68.8%) |
| Renter Occupied HU | 182 (20.0%) |
| Vacant Housing Units | 102 (11.2%) |
| Median Home Value | $133,026 |
| Average Home Value | $156,212 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
821
Multi-Family
15
Businesses
109
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