1813 Ramada Blvd APT 4CollinsvilleIL62234
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1813 Ramada Blvd APT 4, Collinsville, IL, 62234 in Collinsville. Priced at $115,000, it generates $1,721/mo in gross rent and $678/mo in net monthly cash flow, a 17.96% yield that comfortably supports the 3.33 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,138. Five-year appreciation: $31,772. Equity from principal paydown: $1,059/yr. Total projected cumulative return: $88,751.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18% | 7.0% |
| Monthly Cash Flow | $678 | $500 |
City averages based on Collinsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,721 |
| Total Monthly Debt Service | $997 |
| DSCR Ratio | 1.73x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1984
N/A lot
$N/A/sqft
$245 monthly 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
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
Single Family
Built in 1984
N/A lot
$N/A/sqft
$245 monthly 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