1636 Ridge DrFreeportIL61032
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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 Freeport at 1636 Ridge Dr, Freeport, IL, 61032 offers a 16.06% rental yield on a $161,000 purchase with $2,155/mo rent. Total monthly income registers $2,155/mo, and a $788/mo payment leaves $991/mo available for distribution. Annual cash flow reaches $11,896/yr on $53,372 to close, and return on cash invested stands at 42.2% in year one. Equity gained on principal adds $1,039/yr while 5% annual appreciation supports $44,481 over five years. Portfolio math shows five-year ROI at 223.77% and total cumulative return in cash at $119,427. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,155/mo property income against a $788/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61032, Freeport, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,514 (100%) |
| Owner Occupied HU | 8,485 (58.5%) |
| Renter Occupied HU | 4,354 (30.0%) |
| Vacant Housing Units | 1,675 (11.5%) |
| Median Home Value | $117,056 |
| Average Home Value | $149,942 |
Housing Distribution
Address Breakdown
Residential
13,208
Single Family
12,024
Multi-Family
1,184
Businesses
1,072
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Listed by: Aubra Palermo • Re/Max Property Source
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202505128
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.