119 Freedom DrBellevilleIL62226
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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 Belleville at 119 Freedom Dr, Belleville, IL, 62226 offers a 8.74% rental yield on a $199,900 purchase with $1,456/mo rent. Total monthly income registers $1,456/mo, and a $978/mo payment leaves $70/mo available for distribution. Annual cash flow reaches $838/yr on $66,267 to close, and return on cash invested stands at 21.17% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 110.61% and total cumulative return in cash at $73,297. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,456/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62226, Belleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,499 (100%) |
| Owner Occupied HU | 8,318 (57.4%) |
| Renter Occupied HU | 4,615 (31.8%) |
| Vacant Housing Units | 1,566 (10.8%) |
| Median Home Value | $201,090 |
| Average Home Value | $231,123 |
Housing Distribution
Address Breakdown
Residential
12,949
Single Family
11,666
Multi-Family
1,283
Businesses
755
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Listed by: Charmia Wren • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls ID: #25043799