404 W Main StGranvilleIL61326
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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 Granville at 404 W Main St, Granville, IL, 61326 offers a 8.61% rental yield on a $140,000 purchase with $1,004/mo rent. Total monthly income registers $1,004/mo, and a $685/mo payment leaves $33/mo available for distribution. Annual cash flow reaches $398/yr on $46,410 to close, and return on cash invested stands at 20.77% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 108.52% and total cumulative return in cash at $50,362. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,004/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61326, Granville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,055 (100%) |
| Owner Occupied HU | 763 (72.3%) |
| Renter Occupied HU | 170 (16.1%) |
| Vacant Housing Units | 122 (11.6%) |
| Median Home Value | $146,902 |
| Average Home Value | $169,630 |
Housing Distribution
Address Breakdown
Residential
639
Single Family
573
Multi-Family
66
Businesses
63
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