208 Loretta LnGodfreyIL62035
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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 Godfrey at 208 Loretta Ln, Godfrey, IL, 62035 uses $76,212 cash to close to unlock $5,479/yr annual cash flow and $457/mo monthly cash flow. Total monthly income runs $2,051/mo, and a $1,125/mo payment keeps the spread at $457/mo. Purchase price stands at $229,900, and rental yield measures 10.71% with $2,051/mo rent. Return on cash invested shows 27.1% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 142.4% and total cumulative return in cash records $108,527. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,051/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.33 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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