140 Wood River AveEast AltonIL62024
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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
Rental property for sale in East Alton at 140 Wood River Ave, East Alton, IL, 62024 offers $1,468/mo rent that, after a $636/mo payment, leaves $567/mo cash flow. Total monthly income is $1,468/mo, and annual cash flow is $6,799/yr on $43,095 cash. Return on cash invested measures 35.69% in year one, and rental yield stands at 13.55% at a $130,000 entry. Equity gained on principal adds $839/yr while 5% annual appreciation compounds into $35,917 by year five. Five-year ROI records 188.49% and total cumulative return in cash reaches $81,231. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,468/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,623 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62024, East Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,540 (100%) |
| Owner Occupied HU | 2,731 (60.2%) |
| Renter Occupied HU | 1,419 (31.3%) |
| Vacant Housing Units | 390 ( 8.6%) |
| Median Home Value | $117,582 |
| Average Home Value | $173,868 |
Housing Distribution
Address Breakdown
Residential
4,177
Single Family
3,914
Multi-Family
263
Businesses
267
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Listed by: Sherry Gilleland • Dream Home Realty Centre Inc
Mls Name: MARIS
Mls ID: #25080419