1029 Summer LnCaseyvilleIL62232
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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 Caseyville at 1029 Summer Ln, Caseyville, IL, 62232 offers a 9.11% rental yield on a $119,900 purchase with $910/mo rent. Total monthly income registers $910/mo, and a $587/mo payment leaves $78/mo available for distribution. Annual cash flow reaches $938/yr on $39,747 to close, and return on cash invested stands at 22.27% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 116.6% and total cumulative return in cash at $46,344. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $910/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
2.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62232, Caseyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,338 (100%) |
| Owner Occupied HU | 2,301 (68.9%) |
| Renter Occupied HU | 669 (20.0%) |
| Vacant Housing Units | 368 (11.0%) |
| Median Home Value | $216,379 |
| Average Home Value | $265,296 |
Housing Distribution
Address Breakdown
Residential
3,193
Single Family
3,089
Multi-Family
104
Businesses
168
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Listed by: Carrie L Brase • RE/MAX Alliance
Mls Name: MARIS
Mls ID: #26002252