501 S Pearl StGriggsvilleIL62340
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 501 S Pearl St, Griggsville, IL, 62340 in Griggsville delivers $1,288/mo in gross rent and $448/mo in net monthly income at a $119,500 entry. The 12.93% yield and 2.40 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $33,016 over five years and $1,101/yr in equity from loan paydown, total projected return is $74,665.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 8.0% |
| Monthly Cash Flow | $448 | $300 |
City averages based on Griggsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,288 |
| Total Monthly Debt Service | $792 |
| DSCR Ratio | 1.63x |
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 N/A
8,712 sqft 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
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 N/A
8,712 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices