601 Ohio StGrand ChainIL62941
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
Investment Highlights
Rental property for sale in Grand Chain at 601 Ohio St, Grand Chain, IL, 62941 priced at $169,000 pairs $1,308/mo rent with $136/mo cash flow after a $827/mo payment. Total monthly income equals $1,308/mo, and annual cash flow comes to $1,631/yr on $56,024 invested. Return on cash invested is 22.82% in year one, and rental yield stands at 9.29% on a $169,000 basis. Equity gained on principal adds $1,091/yr, and 5% annual appreciation accumulates to $46,692 by year five. Five-year ROI measures 119.43% and total cumulative return in cash reaches $66,907. For financing, Ziffy Mortgage’s DSCR program evaluates $1,308/mo property income against a $827/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
10,000 sqft 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
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Nearby investment properties with comparable prices
Listed by: Lynn D Beasley • Midwest Real Estate
Mls Name: RMLS Alliance
Mls ID: #EB459493