621 Grove St #621PecatonicaIL61063
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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 Pecatonica at 621 Grove St #621, Pecatonica, IL, 61063 generates $240/mo in rent, after a $1,101/mo payment. Total monthly income is $240/mo. Return on cash invested sits at -1.34% in year one, and rental yield is 1.28% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $240/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61063, Pecatonica, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,786 (100%) |
| Owner Occupied HU | 1,378 (77.2%) |
| Renter Occupied HU | 304 (17.0%) |
| Vacant Housing Units | 104 ( 5.8%) |
| Median Home Value | $187,202 |
| Average Home Value | $224,175 |
Housing Distribution
Address Breakdown
Residential
1,277
Single Family
1,261
Multi-Family
16
Businesses
103
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Listed by: Jennifer Held • Black Castle Properties
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12452937