1953 Richmond Springs LnBellevilleIL62220
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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 1953 Richmond Springs Ln, Belleville, IL, 62220 listed at $225,000 pairs $1,614/mo rent with a $1,101/mo payment to leave $54/mo cash flow. Total monthly income runs $1,614/mo, and annual cash flow reaches $643/yr on $74,588 cash to close. Return on cash invested measures 20.77% in year one, and rental yield registers 8.61% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 108.45% and total cumulative return in cash totals $80,889. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,614/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
4,356 sqft 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: Ann A Hoerner • Nester Realty
Mls Name: MARIS
Mls ID: #25061057