3001 Cedar Ridge LnWaterlooIL62298
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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
Rental property for sale in Waterloo at 3001 Cedar Ridge Ln, Waterloo, IL, 62298 offers $3,620/mo rent that, after a $2,907/mo payment. Total monthly income is $3,620/mo. Return on cash invested measures 16.99% in year one, and rental yield stands at 7.31% at a $593,900 entry. Equity gained on principal adds $3,832/yr while 5% annual appreciation compounds into $164,084 by year five. Five-year ROI records 88.17% and total cumulative return in cash reaches $172,277. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,620/mo property income versus a $2,907/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
15.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62298, Waterloo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,538 (100%) |
| Owner Occupied HU | 5,947 (78.9%) |
| Renter Occupied HU | 1,251 (16.6%) |
| Vacant Housing Units | 340 ( 4.5%) |
| Median Home Value | $295,370 |
| Average Home Value | $322,634 |
Housing Distribution
Address Breakdown
Residential
7,397
Single Family
7,365
Multi-Family
32
Businesses
446
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