7005 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
Rental property for sale in Godfrey at 7005 Ivy Ln, Godfrey, IL, 62035 generates $1,440/mo in rent, after a $2,202/mo payment. Total monthly income is $1,440/mo. Return on cash invested sits at 6.39% in year one, and rental yield is 3.84% on a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 31.32% and total cumulative return in cash sums $46,714. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
7.03 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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