423 Ridge DrGeneseoIL61254
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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 Geneseo at 423 Ridge Dr, Geneseo, IL, 61254 generates $3,319/mo in rent and, after a $1,370/mo payment, leaves $1,294/mo in cash flow. Total monthly income is $3,319/mo, and annual cash flow is $15,528/yr on $92,820 invested. Return on cash invested sits at 36.64% in year one, and rental yield is 14.22% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 193.97% and total cumulative return in cash sums $180,045. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,319/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
1.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61254, Geneseo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,167 (100%) |
| Owner Occupied HU | 3,911 (75.7%) |
| Renter Occupied HU | 878 (17.0%) |
| Vacant Housing Units | 378 ( 7.3%) |
| Median Home Value | $226,871 |
| Average Home Value | $250,255 |
Housing Distribution
Address Breakdown
Residential
5,015
Single Family
4,696
Multi-Family
319
Businesses
408
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Listed by: Becky Blackert • Mel Foster Co. Geneseo
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4254117
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.