706 Quail Ridge DrFreeportIL61032
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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 Freeport at 706 Quail Ridge Dr, Freeport, IL, 61032 priced at $138,000 converts $1,105/mo rent into $148/mo cash flow after a $675/mo obligation. Total monthly income equals $1,105/mo, and annual cash flow totals $1,779/yr on $45,747 invested. Return on cash invested prints 23.8% in year one, and rental yield reads 9.61% against a $138,000 entry. Equity gained on principal adds $890/yr, while 5% annual appreciation compiles into $38,127 by year five. Five-year ROI reaches 124.77% and total cumulative return in cash sums $57,078. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,105/mo property income covering a $675/mo payment, not borrower’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61032, Freeport, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,514 (100%) |
| Owner Occupied HU | 8,485 (58.5%) |
| Renter Occupied HU | 4,354 (30.0%) |
| Vacant Housing Units | 1,675 (11.5%) |
| Median Home Value | $117,056 |
| Average Home Value | $149,942 |
Housing Distribution
Address Breakdown
Residential
13,208
Single Family
12,024
Multi-Family
1,184
Businesses
1,072
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