5488 Tick Ridge RdGrand ChainIL62941
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 5488 Tick Ridge Rd, Grand Chain, IL, 62941 in Grand Chain offers a clean, manageable entry. Rental yield 6.65%. DSCR 1.23 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $103,606 in additional property value over five years, with $3,454/yr in principal equity building ownership stake. Total projected cumulative return: $109,808.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 8.0% |
| Monthly Cash Flow | $(523) | $1,500 |
City averages based on Grand Chain market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,078 |
| Total Monthly Debt Service | $2,452 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1987
N/A 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 1987
N/A 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: Makaela Johnson • GIA REAL ESTATE, INC.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #100000232