1828 West Blvd APT BBellevilleIL62221
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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 1828 West Blvd APT B, Belleville, IL, 62221 uses $65,803 cash to close to unlock $6,681/yr annual cash flow and $557/mo monthly cash flow. Total monthly income runs $1,934/mo, and a $972/mo payment keeps the spread at $557/mo. Purchase price stands at $198,500, and rental yield measures 11.69% with $1,934/mo rent. Return on cash invested shows 30.06% in year one, and 5% annual appreciation builds toward $54,842 over five years. Five-year ROI reaches 158.28% and total cumulative return in cash records $104,153. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,934/mo property income covering a $972/mo payment rather than investor’s personal income.
Single Family
Built in 2000
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62221, Belleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,726 (100%) |
| Owner Occupied HU | 7,788 (61.2%) |
| Renter Occupied HU | 4,046 (31.8%) |
| Vacant Housing Units | 892 ( 7.0%) |
| Median Home Value | $232,761 |
| Average Home Value | $264,956 |
Housing Distribution
Address Breakdown
Residential
12,440
Single Family
11,741
Multi-Family
699
Businesses
368
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Listed by: Claire S Leopold • Nester Realty
Mls Name: MARIS
Mls ID: #25054265