422 Colleen DrO FallonIL62269
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 O Fallon at 422 Colleen Dr, O Fallon, IL, 62269 priced at $179,900 pairs $1,423/mo rent with $175/mo cash flow after a $881/mo payment. Total monthly income equals $1,423/mo, and annual cash flow comes to $2,096/yr on $59,637 invested. Return on cash invested is 23.42% in year one, and rental yield stands at 9.49% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 122.7% and total cumulative return in cash reaches $73,173. For financing, Ziffy Mortgage’s DSCR program evaluates $1,423/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1999
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62269, O Fallon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,311 (100%) |
| Owner Occupied HU | 10,010 (65.4%) |
| Renter Occupied HU | 4,315 (28.2%) |
| Vacant Housing Units | 986 ( 6.4%) |
| Median Home Value | $303,987 |
| Average Home Value | $315,230 |
Housing Distribution
Address Breakdown
Residential
14,975
Single Family
13,691
Multi-Family
1,284
Businesses
1,132
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices