7023 N Water Oak DrEdwardsIL61528
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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 Edwards at 7023 N Water Oak Dr, Edwards, IL, 61528 uses $187,497 cash to close to unlock $10,961/yr annual cash flow and $913/mo monthly cash flow. Total monthly income runs $4,866/mo, and a $2,789/mo payment keeps the spread at $913/mo. Purchase price stands at $569,900, and rental yield measures 10.25% with $4,866/mo rent. Return on cash invested shows 25.91% in year one, and 5% annual appreciation builds toward $157,453 over five years. Five-year ROI reaches 135.97% and total cumulative return in cash records $254,934. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,866/mo property income covering a $2,789/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61528, Edwards, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,186 (100%) |
| Owner Occupied HU | 893 (75.3%) |
| Renter Occupied HU | 236 (19.9%) |
| Vacant Housing Units | 57 ( 4.8%) |
| Median Home Value | $359,302 |
| Average Home Value | $366,531 |
Housing Distribution
Address Breakdown
Residential
1,154
Single Family
1,154
Multi-Family
0
Businesses
73
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