1617 S Illinois StBellevilleIL62220
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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 Belleville at 1617 S Illinois St, Belleville, IL, 62220 uses $62,654 cash to close to unlock $2,341/yr annual cash flow and $195/mo monthly cash flow. Total monthly income runs $1,506/mo, and a $925/mo payment keeps the spread at $195/mo. Purchase price stands at $189,000, and rental yield measures 9.56% with $1,506/mo rent. Return on cash invested shows 23.65% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 123.94% and total cumulative return in cash records $77,650. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,506/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1929
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62220, Belleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,953 (100%) |
| Owner Occupied HU | 5,076 (56.7%) |
| Renter Occupied HU | 2,674 (29.9%) |
| Vacant Housing Units | 1,203 (13.4%) |
| Median Home Value | $173,638 |
| Average Home Value | $202,056 |
Housing Distribution
Address Breakdown
Residential
8,096
Single Family
7,597
Multi-Family
499
Businesses
674
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Listed by: Jena Gibbs • eXp Realty
Mls Name: MARIS
Mls ID: #25070941