1202 Rock Springs DrAltonIL62002
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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 Alton at 1202 Rock Springs Dr, Alton, IL, 62002 offers a 9.11% rental yield on a $124,900 purchase with $948/mo rent. Total monthly income registers $948/mo, and a $611/mo payment leaves $45/mo available for distribution. Annual cash flow reaches $542/yr on $41,404 to close, and return on cash invested stands at 21.22% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 111.34% and total cumulative return in cash at $46,102. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $948/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
8,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62002, Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,063 (100%) |
| Owner Occupied HU | 8,686 (57.7%) |
| Renter Occupied HU | 4,521 (30.0%) |
| Vacant Housing Units | 1,856 (12.3%) |
| Median Home Value | $140,313 |
| Average Home Value | $198,082 |
Housing Distribution
Address Breakdown
Residential
13,601
Single Family
12,833
Multi-Family
768
Businesses
1,120
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Listed by: Jenny A Wisniewski • Landmark Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25062774
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