24 Wise Ridge RdOzarkIL62972
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 24 Wise Ridge Rd, Ozark, IL, 62972 in Ozark at $182,000 earns $1,407/mo in rent and nets $145/mo after the $818/mo payment, a 9.28% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $50,283 over five years. Ziffy Mortgage underwrites this on a 1.72 DSCR without U.S. credit history. With $1,676/yr in principal paydown, total projected return reaches $78,964.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $145 | $250 |
City averages based on Ozark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,407 |
| Total Monthly Debt Service | $1,190 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2006
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62972, Ozark, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 466 (70.9%) |
| Renter Occupied HU | 39 ( 5.9%) |
| Vacant Housing Units | 152 (23.1%) |
| Median Home Value | $196,939 |
| Average Home Value | $225,649 |
Housing Distribution
Address Breakdown
Residential
557
Single Family
557
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2006
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62972, Ozark, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 466 (70.9%) |
| Renter Occupied HU | 39 ( 5.9%) |
| Vacant Housing Units | 152 (23.1%) |
| Median Home Value | $196,939 |
| Average Home Value | $225,649 |
Housing Distribution
Address Breakdown
Residential
557
Single Family
557
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices