1602 Homefield Meadows DrO'FallonMO63366
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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
Investment property for sale in O'Fallon at 1602 Homefield Meadows Dr, O'Fallon, MO, 63366 listed at $250,000 pairs $1,877/mo rent with a $1,224/mo payment to leave $320/mo cash flow. Total monthly income runs $1,877/mo, and annual cash flow reaches $3,836/yr on $82,875 cash to close. Return on cash invested measures 24.54% in year one, and rental yield registers 9.01% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 127.74% and total cumulative return in cash totals $105,862. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,877/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
7,061 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 63366, O Fallon, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,428 (100%) |
| Owner Occupied HU | 16,734 (78.1%) |
| Renter Occupied HU | 4,082 (19.0%) |
| Vacant Housing Units | 612 ( 2.9%) |
| Median Home Value | $323,320 |
| Average Home Value | $344,502 |
Housing Distribution
Address Breakdown
Residential
21,098
Single Family
19,910
Multi-Family
1,188
Businesses
1,389
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