2944 Ridge RdLansingIL60438
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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 Lansing at 2944 Ridge Rd, Lansing, IL, 60438 with 5% annual appreciation on a $249,000 basis while $2,544/mo rent supports operations. Total monthly income totals $2,544/mo and a $1,219/mo payment preserves $817/mo for cash returns. Annual cash flow comes to $9,799/yr on $82,544 deployed, and return on cash invested reaches 31.78% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,794 alongside rental yield of 12.26%. Five-year ROI measures 167.5% and total cumulative return in cash totals $138,260.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,544/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1942
3,123 sqft lot
$N/A/sqft
No HOA
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Listed by: Kevin Wang • Cloudup Realty LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12173245
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