4006 Pine Ridge DrQuincyIL62305
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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 Quincy at 4006 Pine Ridge Dr, Quincy, IL, 62305 uses $74,588 cash to close to unlock $4,315/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $1,101/mo payment keeps the spread at $360/mo. Purchase price stands at $225,000, and rental yield measures 10.24% with $1,920/mo rent. Return on cash invested shows 25.69% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 134.87% and total cumulative return in cash records $100,593. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62305, Quincy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,511 (100%) |
| Owner Occupied HU | 6,567 (77.2%) |
| Renter Occupied HU | 1,393 (16.4%) |
| Vacant Housing Units | 551 ( 6.5%) |
| Median Home Value | $233,541 |
| Average Home Value | $257,294 |
Housing Distribution
Address Breakdown
Residential
8,078
Single Family
7,857
Multi-Family
221
Businesses
647
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