7338 W Ridge LnCherry ValleyIL61016
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
Rental property for sale in Cherry Valley at 7338 W Ridge Ln, Cherry Valley, IL, 61016 generates $2,740/mo in rent and, after a $1,859/mo payment, leaves $105/mo in cash flow. Total monthly income is $2,740/mo, and annual cash flow is $1,264/yr on $125,937 invested. Return on cash invested sits at 20.91% in year one, and rental yield is 8.65% on a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 109.22% and total cumulative return in cash sums $137,549. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,740/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61016, Cherry Valley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,145 (100%) |
| Owner Occupied HU | 1,786 (83.3%) |
| Renter Occupied HU | 265 (12.4%) |
| Vacant Housing Units | 94 ( 4.4%) |
| Median Home Value | $237,085 |
| Average Home Value | $251,141 |
Housing Distribution
Address Breakdown
Residential
2,132
Single Family
2,034
Multi-Family
98
Businesses
120
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Listed by: Dori Busch • Berkshire Hathaway Homeservices Crosby Starck Re
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202504390