4864 Boaz RdGrand ChainIL62941
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 4864 Boaz Rd, Grand Chain, IL, 62941 in Grand Chain. At $174,900 it earns $1,674/mo in rent and distributes $461/mo to the owner after the $786/mo payment, a consistent 11.49% yield. DSCR 2.13 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $48,322 in value; $1,611/yr in principal paydown compounds ownership stake. Total projected return: $96,577.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 8.0% |
| Monthly Cash Flow | $461 | $1,500 |
City averages based on Grand Chain market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,674 |
| Total Monthly Debt Service | $1,144 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1923
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62941, Grand Chain, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 357 (100%) |
| Owner Occupied HU | 241 (67.5%) |
| Renter Occupied HU | 53 (14.8%) |
| Vacant Housing Units | 63 (17.6%) |
| Median Home Value | $94,063 |
| Average Home Value | $129,346 |
Housing Distribution
Address Breakdown
Residential
283
Single Family
283
Multi-Family
0
Businesses
15
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
Single Family
Built in 1923
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62941, Grand Chain, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 357 (100%) |
| Owner Occupied HU | 241 (67.5%) |
| Renter Occupied HU | 53 (14.8%) |
| Vacant Housing Units | 63 (17.6%) |
| Median Home Value | $94,063 |
| Average Home Value | $129,346 |
Housing Distribution
Address Breakdown
Residential
283
Single Family
283
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LAURIE A HINES • RE/MAX ADVANTAGE
Mls Name: RMLS Alliance
Mls ID: #EB458950