1012 Richard DrGodfreyIL62035
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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 Godfrey at 1012 Richard Dr, Godfrey, IL, 62035 generates $1,927/mo in rent and, after a $1,121/mo payment, leaves $338/mo in cash flow. Total monthly income is $1,927/mo, and annual cash flow is $4,061/yr on $75,914 invested. Return on cash invested sits at 25.26% in year one, and rental yield is 10.1% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 132.52% and total cumulative return in cash sums $100,601. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,927/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62035, Godfrey, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,080 (100%) |
| Owner Occupied HU | 5,331 (75.3%) |
| Renter Occupied HU | 1,248 (17.6%) |
| Vacant Housing Units | 501 ( 7.1%) |
| Median Home Value | $240,158 |
| Average Home Value | $281,650 |
Housing Distribution
Address Breakdown
Residential
7,101
Single Family
6,784
Multi-Family
317
Businesses
389
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