2995 N Silver Ridge DrOregonIL61061
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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 Oregon at 2995 N Silver Ridge Dr, Oregon, IL, 61061 uses $101,605 cash to close to unlock $6,831/yr annual cash flow and $569/mo monthly cash flow. Total monthly income runs $2,695/mo, and a $1,500/mo payment keeps the spread at $569/mo. Purchase price stands at $306,500, and rental yield measures 10.55% with $2,695/mo rent. Return on cash invested shows 26.63% in year one, and 5% annual appreciation builds toward $84,680 over five years. Five-year ROI reaches 139.91% and total cumulative return in cash records $142,153. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,695/mo property income covering a $1,500/mo payment rather than investor’s personal income.
Single Family
Built in 1987
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61061, Oregon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,348 (100%) |
| Owner Occupied HU | 2,249 (67.2%) |
| Renter Occupied HU | 792 (23.7%) |
| Vacant Housing Units | 307 ( 9.2%) |
| Median Home Value | $223,295 |
| Average Home Value | $290,081 |
Housing Distribution
Address Breakdown
Residential
3,108
Single Family
2,946
Multi-Family
162
Businesses
321
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Listed by: Lori Peterson • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502599
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