6808 Ivy LnGodfreyIL62035
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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 Godfrey at 6808 Ivy Ln, Godfrey, IL, 62035 uses $147,518 cash to close to unlock $2,117/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $3,263/mo, and a $2,178/mo payment keeps the spread at $176/mo. Purchase price stands at $445,000, and rental yield measures 8.8% with $3,263/mo rent. Return on cash invested shows 21.34% in year one, and 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 111.52% and total cumulative return in cash records $164,516. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,263/mo property income covering a $2,178/mo payment rather than investor’s personal income.
Single Family
Built in 1978
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62035, Godfrey, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,080 (100%) |
| Owner Occupied HU | 5,331 (75.3%) |
| Renter Occupied HU | 1,248 (17.6%) |
| Vacant Housing Units | 501 ( 7.1%) |
| Median Home Value | $240,158 |
| Average Home Value | $281,650 |
Housing Distribution
Address Breakdown
Residential
7,101
Single Family
6,784
Multi-Family
317
Businesses
389
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