408 Ojer StMeredosiaIL62665
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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 Meredosia at 408 Ojer St, Meredosia, IL, 62665 at $210,000 posts ROI 30.86% with $635/mo cash flow from $2,092/mo rent. Total monthly income equals $2,092/mo, and annual cash flow records $7,623/yr on $69,615 to close. Return on cash invested measures 30.86% and rental yield reads 11.95% at the current $210,000. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 by year five. Five-year ROI prints 162.59% and total cumulative return in cash totals $113,188.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,092/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62665, Meredosia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 701 (100%) |
| Owner Occupied HU | 443 (63.2%) |
| Renter Occupied HU | 108 (15.4%) |
| Vacant Housing Units | 150 (21.4%) |
| Median Home Value | $81,286 |
| Average Home Value | $104,097 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
38
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