590 W Gridley StBushnellIL61422
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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
Investment property for sale in Bushnell at 590 W Gridley St, Bushnell, IL, 61422 offers a 6.6% rental yield on a $259,900 purchase with $1,429/mo rent. 71% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 75.95% and total cumulative return in cash at $65,434. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,429/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61422, Bushnell, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,551 (100%) |
| Owner Occupied HU | 995 (64.2%) |
| Renter Occupied HU | 346 (22.3%) |
| Vacant Housing Units | 210 (13.5%) |
| Median Home Value | $85,531 |
| Average Home Value | $115,711 |
Housing Distribution
Address Breakdown
Residential
1,388
Single Family
1,388
Multi-Family
0
Businesses
125
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