1420 Norwood DrGranite CityIL62040
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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 Granite City at 1420 Norwood Dr, Granite City, IL, 62040 uses $36,432 cash to close to unlock $8,347/yr annual cash flow and $696/mo monthly cash flow. Total monthly income runs $1,458/mo, and a $538/mo payment keeps the spread at $696/mo. Purchase price stands at $109,900, and rental yield measures 15.92% with $1,458/mo rent. Return on cash invested shows 42.82% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 226.76% and total cumulative return in cash records $82,612. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,458/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1958
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62040, Granite City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,293 (100%) |
| Owner Occupied HU | 12,054 (62.5%) |
| Renter Occupied HU | 5,220 (27.1%) |
| Vacant Housing Units | 2,019 (10.5%) |
| Median Home Value | $120,437 |
| Average Home Value | $156,786 |
Housing Distribution
Address Breakdown
Residential
17,538
Single Family
17,136
Multi-Family
402
Businesses
1,080
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Listed by: Ladonna Gilmore • Century 21 Bailey & Company
Mls Name: MARIS
Mls ID: #25078933