806 N Market StGridleyIL61744
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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 Gridley at 806 N Market St, Gridley, IL, 61744 generates $2,795/mo in rent and, after a $1,884/mo payment, leaves $125/mo in cash flow. Total monthly income is $2,795/mo, and annual cash flow is $1,502/yr on $127,594 invested. Return on cash invested sits at 21.09% in year one, and rental yield is 8.71% on a $384,900 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,341 over five years. Five-year ROI reaches 110.16% and total cumulative return in cash sums $140,559. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,795/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61744, Gridley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 833 (100%) |
| Owner Occupied HU | 615 (73.8%) |
| Renter Occupied HU | 142 (17.0%) |
| Vacant Housing Units | 76 ( 9.1%) |
| Median Home Value | $168,990 |
| Average Home Value | $225,106 |
Housing Distribution
Address Breakdown
Residential
620
Single Family
602
Multi-Family
18
Businesses
52
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