503 S Federal StGriggsvilleIL62340
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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 Griggsville at 503 S Federal St, Griggsville, IL, 62340 priced at $115,000 converts $1,128/mo rent into $330/mo cash flow after a $563/mo obligation. Total monthly income equals $1,128/mo, and annual cash flow totals $3,962/yr on $38,123 invested. Return on cash invested prints 30.3% in year one, and rental yield reads 11.77% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 159.65% and total cumulative return in cash sums $60,861. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,128/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.88 Acres 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
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Listed by: Candice Daniel • EXP Realty LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035217
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.