122 David DrCollinsvilleIL62234
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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 Collinsville at 122 David Dr, Collinsville, IL, 62234 uses $125,639 cash to close to unlock $5,486/yr annual cash flow and $457/mo monthly cash flow. Total monthly income runs $3,086/mo, and a $1,855/mo payment keeps the spread at $457/mo. Purchase price stands at $379,000, and rental yield measures 9.77% with $3,086/mo rent. Return on cash invested shows 24.28% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 127.27% and total cumulative return in cash records $159,899. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,086/mo property income covering a $1,855/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.41 Acres 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
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Listed by: Nicole Schweitzer • Re/Max Alliance
Mls Name: MARIS
Mls ID: #25055385