409 N State StFranklin GroveIL61031
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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 Franklin Grove at 409 N State St, Franklin Grove, IL, 61031 offers a 2.1% rental yield on a $1,500,000 purchase with $2,623/mo rent. 16% in year one. Equity gained on principal adds $9,679/yr while 5% annual appreciation supports $414,422 over five years. Portfolio math shows five-year ROI at 3.19% and total cumulative return in cash at $15,491. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,623/mo property income against a $7,342/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1911
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61031, Franklin Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 714 (100%) |
| Owner Occupied HU | 467 (65.4%) |
| Renter Occupied HU | 156 (21.8%) |
| Vacant Housing Units | 91 (12.7%) |
| Median Home Value | $146,389 |
| Average Home Value | $186,852 |
Housing Distribution
Address Breakdown
Residential
479
Single Family
429
Multi-Family
50
Businesses
42
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Listed by: Rebecca Hazzard • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202506483