418 E Griggsville StPittsfieldIL62363
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
Investment Highlights
Rental property for sale in Pittsfield at 418 E Griggsville St, Pittsfield, IL, 62363 priced at $154,900 converts $1,306/mo rent into $232/mo cash flow after a $758/mo obligation. Total monthly income equals $1,306/mo, and annual cash flow totals $2,781/yr on $51,349 invested. Return on cash invested prints 25.32% in year one, and rental yield reads 10.12% against a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,796 by year five. Five-year ROI reaches 132.89% and total cumulative return in cash sums $68,240. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,306/mo property income covering a $758/mo payment, not borrower’s personal income.
Single Family
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62363, Pittsfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,738 (100%) |
| Owner Occupied HU | 1,786 (65.2%) |
| Renter Occupied HU | 576 (21.0%) |
| Vacant Housing Units | 376 (13.7%) |
| Median Home Value | $141,274 |
| Average Home Value | $166,190 |
Housing Distribution
Address Breakdown
Residential
2,402
Single Family
2,381
Multi-Family
21
Businesses
304
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathleen Marable • Hometown Real Estate / Pioneer Land Company
Mls Name: My State MLS
Mls ID: #11634621