4641 Edgewater DrGrovelandIL61535
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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 Groveland at 4641 Edgewater Dr, Groveland, IL, 61535 priced at $695,000 pairs $5,201/mo rent with $380/mo cash flow after a $3,402/mo payment. Total monthly income equals $5,201/mo, and annual cash flow comes to $4,560/yr on $228,655 invested. Return on cash invested is 22.05% in year one, and rental yield stands at 8.98% on a $695,000 basis. Equity gained on principal adds $4,485/yr, and 5% annual appreciation accumulates to $192,016 by year five. Five-year ROI measures 115.31% and total cumulative return in cash reaches $263,670. For financing, Ziffy Mortgage’s DSCR program evaluates $5,201/mo property income against a $3,402/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
18.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61535, Groveland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 684 (89.8%) |
| Renter Occupied HU | 35 ( 4.6%) |
| Vacant Housing Units | 43 ( 5.6%) |
| Median Home Value | $309,322 |
| Average Home Value | $316,473 |
Housing Distribution
Address Breakdown
Residential
626
Single Family
626
Multi-Family
0
Businesses
27
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Listed by: Mary Ann Ladendorf • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1253044
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.