707 Parkview DrO FallonIL62269
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 O Fallon at 707 Parkview Dr, O Fallon, IL, 62269 uses $61,328 cash to close to unlock $5,007/yr annual cash flow and $417/mo monthly cash flow. Total monthly income runs $1,700/mo, and a $905/mo payment keeps the spread at $417/mo. Purchase price stands at $185,000, and rental yield measures 11.03% with $1,700/mo rent. Return on cash invested shows 28.07% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 147.66% and total cumulative return in cash records $90,555. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,700/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1942
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62269, O Fallon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,311 (100%) |
| Owner Occupied HU | 10,010 (65.4%) |
| Renter Occupied HU | 4,315 (28.2%) |
| Vacant Housing Units | 986 ( 6.4%) |
| Median Home Value | $303,987 |
| Average Home Value | $315,230 |
Housing Distribution
Address Breakdown
Residential
14,975
Single Family
13,691
Multi-Family
1,284
Businesses
1,132
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices