116 Walnut Ridge DrBethaltoIL62010
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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 Bethalto at 116 Walnut Ridge Dr, Bethalto, IL, 62010 offers a 18.88% rental yield on a $230,000 purchase with $3,619/mo rent. Total monthly income registers $3,619/mo, and a $1,126/mo payment leaves $2,022/mo available for distribution. Annual cash flow reaches $24,265/yr on $76,245 to close, and return on cash invested stands at 51.73% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 274.56% and total cumulative return in cash at $209,335. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,619/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62010, Bethalto, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,013 (100%) |
| Owner Occupied HU | 3,493 (69.7%) |
| Renter Occupied HU | 1,136 (22.7%) |
| Vacant Housing Units | 384 ( 7.7%) |
| Median Home Value | $230,733 |
| Average Home Value | $248,189 |
Housing Distribution
Address Breakdown
Residential
4,998
Single Family
4,786
Multi-Family
212
Businesses
230
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Listed by: Trevor A Parish • Tarrant And Harman Real Estate
Mls Name: MARIS
Mls Provider:
Mls ID: #24055444
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