123 Verne AveBellevilleIL62226
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Nearby investment properties with comparable prices
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
Rental property for sale in Belleville at 123 Verne Ave, Belleville, IL, 62226 priced at $140,000 pairs $1,056/mo rent with $85/mo cash flow after a $685/mo payment. Total monthly income equals $1,056/mo, and annual cash flow comes to $1,022/yr on $46,410 invested. Return on cash invested is 22.11% in year one, and rental yield stands at 9.05% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. Five-year ROI measures 115.73% and total cumulative return in cash reaches $53,710. For financing, Ziffy Mortgage’s DSCR program evaluates $1,056/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1946
N/A 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: Christina Karr • RE/MAX Preferred
Mls Name: MARIS
Mls ID: #25073903