9 Country LnGriggsvilleIL62340
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 Griggsville at 9 Country Ln, Griggsville, IL, 62340 offers $1,381/mo rent that, after a $881/mo payment, leaves $133/mo cash flow. Total monthly income is $1,381/mo, and annual cash flow is $1,592/yr on $59,637 cash. Return on cash invested measures 22.58% in year one, and rental yield stands at 9.21% at a $179,900 entry. Equity gained on principal adds $1,161/yr while 5% annual appreciation compounds into $49,703 by year five. Five-year ROI records 118.15% and total cumulative return in cash reaches $70,461. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,381/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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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Nearby investment properties with comparable prices
Listed by: Robin Callihan • Hometown Real Estate / Pioneer Land Company
Mls Name: My State MLS
Mls ID: #11563212