3993 Greenridge RdAlmaIL62807
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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 Alma at 3993 Greenridge Rd, Alma, IL, 62807 uses $48,896 cash to close to unlock $34/yr annual cash flow and $3/mo monthly cash flow. Total monthly income runs $1,026/mo, and a $722/mo payment keeps the spread at $3/mo. Purchase price stands at $147,500, and rental yield measures 8.35% with $1,026/mo rent. Return on cash invested shows 19.98% in year one, and 5% annual appreciation builds toward $40,752 over five years. Five-year ROI reaches 104.21% and total cumulative return in cash records $50,953. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,026/mo property income covering a $722/mo payment rather than investor’s personal income.
Single Family
Built in 1980
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62807, Alma, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 410 (100%) |
| Owner Occupied HU | 280 (68.3%) |
| Renter Occupied HU | 55 (13.4%) |
| Vacant Housing Units | 75 (18.3%) |
| Median Home Value | $197,826 |
| Average Home Value | $255,134 |
Housing Distribution
Address Breakdown
Residential
383
Single Family
383
Multi-Family
0
Businesses
10
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