702 W Quincy 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 702 W Quincy St, Griggsville, IL, 62340 priced at $259,000 converts $1,919/mo rent into $122/mo cash flow after a $1,268/mo obligation. Total monthly income equals $1,919/mo, and annual cash flow totals $1,466/yr on $85,859 invested. Return on cash invested prints 21.62% in year one, and rental yield reads 8.89% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 113.03% and total cumulative return in cash sums $97,048. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,919/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in 1926
0.50 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: Kathleen Marable • Hometown Real Estate
Mls Name: My State MLS
Mls ID: #11292825