323 Kings Ridge BlvdO FallonIL62269
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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 O Fallon at 323 Kings Ridge Blvd, O Fallon, IL, 62269 priced at $679,000 converts $5,921/mo rent into $1,199/mo cash flow after a $3,323/mo obligation. Total monthly income equals $5,921/mo, and annual cash flow totals $14,393/yr on $223,391 invested. Return on cash invested prints 26.5% in year one, and rental yield reads 10.46% against a $679,000 entry. Equity gained on principal adds $4,381/yr, while 5% annual appreciation compiles into $187,595 by year five. Five-year ROI reaches 139.19% and total cumulative return in cash sums $310,931. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,921/mo property income covering a $3,323/mo payment, not borrower’s personal income.
Single Family
Built in 2005
2.01 Acres lot
$N/A/sqft
$147 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62269, O Fallon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,311 (100%) |
| Owner Occupied HU | 10,010 (65.4%) |
| Renter Occupied HU | 4,315 (28.2%) |
| Vacant Housing Units | 986 ( 6.4%) |
| Median Home Value | $303,987 |
| Average Home Value | $315,230 |
Housing Distribution
Address Breakdown
Residential
14,975
Single Family
13,691
Multi-Family
1,284
Businesses
1,132
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Listed by: Jane A Stone • Keller Williams Pinnacle
Mls Name: MARIS
Mls Provider:
Mls ID: #25033614
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