1408 Cedar Ridge DrO FallonIL62269
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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
Total monthly income runs $2,143/mo, and a $2,154/mo payment. Purchase price stands at $440,000, and rental yield measures 5.84% with $2,143/mo rent. Return on cash invested shows 12.43% in year one, and 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 63.71% and total cumulative return in cash records $92,926. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,143/mo property income covering a $2,154/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62269, O Fallon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,311 (100%) |
| Owner Occupied HU | 10,010 (65.4%) |
| Renter Occupied HU | 4,315 (28.2%) |
| Vacant Housing Units | 986 ( 6.4%) |
| Median Home Value | $303,987 |
| Average Home Value | $315,230 |
Housing Distribution
Address Breakdown
Residential
14,975
Single Family
13,691
Multi-Family
1,284
Businesses
1,132
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Listed by: Megan J Rakers • Live Laugh Illinois Real Estat
Mls Name: MARIS
Mls Provider:
Mls ID: #25022255
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