189 Meyer DrCollinsvilleIL62234
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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 Collinsville at 189 Meyer Dr, Collinsville, IL, 62234 earns $171/mo cash flow from $2,176/mo rent with a $1,415/mo payment. Total monthly income totals $2,176/mo, and annual cash flow totals $2,051/yr on $95,804 capital. ROI tracks 22.05% on current figures, and rental yield reads 9.04% at a $289,000 purchase. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 over five years. Five-year ROI reaches 115.3% and total cumulative return in cash sums $110,462. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,176/mo property income instead of your personal income.
Single Family
Built in 1995
0.74 Acres lot
$N/A/sqft
No 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
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Listed by: Todd Sivia • Bridges Home Realty, LLC
Mls Name: MARIS
Mls ID: #25061840