7 Ritter RdColumbiaIL62236
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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 Columbia at 7 Ritter Rd, Columbia, IL, 62236 offers $2,770/mo rent that, after a $1,664/mo payment, leaves $412/mo cash flow. Total monthly income is $2,770/mo, and annual cash flow is $4,942/yr on $112,710 cash. Return on cash invested measures 24.29% in year one, and rental yield stands at 9.78% at a $340,000 entry. Equity gained on principal adds $2,194/yr while 5% annual appreciation compounds into $93,936 by year five. Five-year ROI records 127.33% and total cumulative return in cash reaches $143,514. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,770/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62236, Columbia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,987 (100%) |
| Owner Occupied HU | 4,739 (79.2%) |
| Renter Occupied HU | 930 (15.5%) |
| Vacant Housing Units | 318 ( 5.3%) |
| Median Home Value | $325,870 |
| Average Home Value | $363,309 |
Housing Distribution
Address Breakdown
Residential
5,708
Single Family
5,560
Multi-Family
148
Businesses
511
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