347 E Ridge StBraidwoodIL60408
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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 Braidwood at 347 E Ridge St, Braidwood, IL, 60408 with 5% annual appreciation on a $120,000 basis while $906/mo rent supports operations. Total monthly income totals $906/mo and a $587/mo payment preserves $74/mo for cash returns. Annual cash flow comes to $888/yr on $39,780 deployed, and return on cash invested reaches 22.14% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 9.06%. Five-year ROI measures 115.79% and total cumulative return in cash totals $46,063.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $906/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60408, Braidwood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,265 (100%) |
| Owner Occupied HU | 1,714 (75.7%) |
| Renter Occupied HU | 423 (18.7%) |
| Vacant Housing Units | 128 ( 5.7%) |
| Median Home Value | $253,766 |
| Average Home Value | $325,824 |
Housing Distribution
Address Breakdown
Residential
2,252
Single Family
2,252
Multi-Family
0
Businesses
116
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