1302 Waverly DrCollinsvilleIL62234
Nearby investment properties with comparable rents
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 Collinsville at 1302 Waverly Dr, Collinsville, IL, 62234 generates $2,032/mo in rent and, after a $824/mo payment, leaves $864/mo in cash flow. Total monthly income is $2,032/mo, and annual cash flow is $10,369/yr on $55,841 invested. Return on cash invested sits at 38.48% in year one, and rental yield is 14.48% on a $168,450 entry. Equity gained on principal adds $1,087/yr, while 5% annual appreciation builds toward $46,540 over five years. Five-year ROI reaches 203.49% and total cumulative return in cash sums $113,630. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,032/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
0.32 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A