1001 Virginia StCollinsvilleIL62234
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 Collinsville at 1001 Virginia St, Collinsville, IL, 62234 uses $58,013 cash to close to unlock $2,240/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $1,401/mo, and a $857/mo payment keeps the spread at $187/mo. Purchase price stands at $175,000, and rental yield measures 9.61% with $1,401/mo rent. Return on cash invested shows 23.77% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 124.56% and total cumulative return in cash records $72,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,401/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1960
9,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62234, Collinsville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,774 (100%) |
| Owner Occupied HU | 9,509 (64.4%) |
| Renter Occupied HU | 4,163 (28.2%) |
| Vacant Housing Units | 1,102 ( 7.5%) |
| Median Home Value | $174,788 |
| Average Home Value | $221,394 |
Housing Distribution
Address Breakdown
Residential
14,239
Single Family
13,831
Multi-Family
408
Businesses
860
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew Wilde • RE/MAX Alliance
Mls Name: MARIS
Mls ID: #25058078