412 E Water StGraftonIL62037
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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 Grafton at 412 E Water St, Grafton, IL, 62037 priced at $140,000 converts $1,169/mo rent into $198/mo cash flow after a $685/mo obligation. Total monthly income equals $1,169/mo, and annual cash flow totals $2,378/yr on $46,410 invested. Return on cash invested prints 25.03% in year one, and rental yield reads 10.02% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 131.37% and total cumulative return in cash sums $60,970. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,169/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1972
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62037, Grafton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,020 (100%) |
| Owner Occupied HU | 671 (65.8%) |
| Renter Occupied HU | 96 ( 9.4%) |
| Vacant Housing Units | 253 (24.8%) |
| Median Home Value | $233,125 |
| Average Home Value | $304,706 |
Housing Distribution
Address Breakdown
Residential
734
Single Family
705
Multi-Family
29
Businesses
62
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