515 Stone Ridge LnCherry ValleyIL61016
Nearby investment properties with comparable rents
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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 Cherry Valley at 515 Stone Ridge Ln, Cherry Valley, IL, 61016 offers $4,211/mo rent that, after a $3,768/mo payment. Total monthly income is $4,211/mo. Return on cash invested measures 14.71% in year one, and rental yield stands at 6.56% at a $769,900 entry. Equity gained on principal adds $4,968/yr while 5% annual appreciation compounds into $212,709 by year five. Five-year ROI records 75.94% and total cumulative return in cash reaches $192,349. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,211/mo property income versus a $3,768/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61016, Cherry Valley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,145 (100%) |
| Owner Occupied HU | 1,786 (83.3%) |
| Renter Occupied HU | 265 (12.4%) |
| Vacant Housing Units | 94 ( 4.4%) |
| Median Home Value | $237,085 |
| Average Home Value | $251,141 |
Housing Distribution
Address Breakdown
Residential
2,132
Single Family
2,034
Multi-Family
98
Businesses
120
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Listed by: John Dowd • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202503129