41493 335th AveGriggsvilleIL62340
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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 Griggsville at 41493 335th Ave, Griggsville, IL, 62340 generates $2,962/mo in rent, after a $4,895/mo payment. Total monthly income is $2,962/mo. Return on cash invested sits at 5.56% in year one, and rental yield is 3.55% on a $1,000,000 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation builds toward $276,282 over five years. Five-year ROI reaches 26.87% and total cumulative return in cash sums $88,408. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,962/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62340, Griggsville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 782 (100%) |
| Owner Occupied HU | 529 (67.6%) |
| Renter Occupied HU | 147 (18.8%) |
| Vacant Housing Units | 106 (13.6%) |
| Median Home Value | $111,806 |
| Average Home Value | $158,176 |
Housing Distribution
Address Breakdown
Residential
555
Single Family
555
Multi-Family
0
Businesses
51
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Listed by: Jesse Stay • LandGuys, LLC of Illinois
Mls Name: RMLS Alliance
Mls ID: #CA1040815