407 Cedar Grove RdSimpsonIL62985
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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 Simpson at 407 Cedar Grove Rd, Simpson, IL, 62985 offers $2,065/mo rent that, after a $2,344/mo payment. Total monthly income is $2,065/mo. Return on cash invested measures 10.41% in year one, and rental yield stands at 5.17% at a $479,000 entry. Equity gained on principal adds $3,091/yr while 5% annual appreciation compounds into $132,339 by year five. Five-year ROI records 52.91% and total cumulative return in cash reaches $84,015. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,065/mo property income versus a $2,344/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
7 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62985, Simpson, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 507 (100%) |
| Owner Occupied HU | 339 (66.9%) |
| Renter Occupied HU | 27 ( 5.3%) |
| Vacant Housing Units | 141 (27.8%) |
| Median Home Value | $188,125 |
| Average Home Value | $247,183 |
Housing Distribution
Address Breakdown
Residential
395
Single Family
395
Multi-Family
0
Businesses
7
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