271 Carter Ridge RdHighlandIL62249
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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 $2,437/mo, and a $2,198/mo payment. Purchase price stands at $449,000, and rental yield measures 6.51% with $2,437/mo rent. Return on cash invested shows 14.45% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 74.55% and total cumulative return in cash records $110,956. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,437/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Single Family
Built in 2021
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62249, Highland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,148 (100%) |
| Owner Occupied HU | 5,271 (73.7%) |
| Renter Occupied HU | 1,472 (20.6%) |
| Vacant Housing Units | 405 ( 5.7%) |
| Median Home Value | $264,878 |
| Average Home Value | $300,071 |
Housing Distribution
Address Breakdown
Residential
6,867
Single Family
6,539
Multi-Family
328
Businesses
511
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