500 S Bloomington RdGrand RidgeIL61325
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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 Grand Ridge at 500 S Bloomington Rd, Grand Ridge, IL, 61325 priced at $234,366 converts $2,236/mo rent into $526/mo cash flow after a $1,147/mo obligation. Total monthly income equals $2,236/mo, and annual cash flow totals $6,311/yr on $77,692 invested. Return on cash invested prints 28.03% in year one, and rental yield reads 11.45% against a $234,366 entry. Equity gained on principal adds $1,512/yr, while 5% annual appreciation compiles into $64,751 by year five. Five-year ROI reaches 147.84% and total cumulative return in cash sums $114,861. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,236/mo property income covering a $1,147/mo payment, not borrower’s personal income.
Single Family
Built in 1936
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61325, Grand Ridge, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 401 (100%) |
| Owner Occupied HU | 332 (82.8%) |
| Renter Occupied HU | 42 (10.5%) |
| Vacant Housing Units | 27 ( 6.7%) |
| Median Home Value | $198,333 |
| Average Home Value | $252,861 |
Housing Distribution
Address Breakdown
Residential
322
Single Family
322
Multi-Family
0
Businesses
29
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