318 W Main StGardnerIL60424
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 318 W Main St, Gardner, IL, 60424 in Gardner hard to pass up. The 12.34% gross yield on a $270,000 purchase results in $2,777/mo in rent and $904/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.29). Annual cash flow of $10,848, five-year appreciation of $74,596, and $2,487/yr in equity build-up combine for a projected total cumulative return of $161,465.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 7.0% |
| Monthly Cash Flow | $904 | $300 |
City averages based on Gardner market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,777 |
| Total Monthly Debt Service | $1,765 |
| DSCR Ratio | 1.57x |
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 N/A
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60424, Gardner, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 726 (67.3%) |
| Renter Occupied HU | 269 (24.9%) |
| Vacant Housing Units | 84 ( 7.8%) |
| Median Home Value | $202,614 |
| Average Home Value | $230,696 |
Housing Distribution
Address Breakdown
Residential
853
Single Family
818
Multi-Family
35
Businesses
54
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 N/A
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60424, Gardner, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 726 (67.3%) |
| Renter Occupied HU | 269 (24.9%) |
| Vacant Housing Units | 84 ( 7.8%) |
| Median Home Value | $202,614 |
| Average Home Value | $230,696 |
Housing Distribution
Address Breakdown
Residential
853
Single Family
818
Multi-Family
35
Businesses
54
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edward Pluchar • Keller Williams Preferred Rlty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12427388
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)