2 Michael CtBethaltoIL62010
Nearby investment properties with comparable rents
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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
Rental property for sale in Bethalto at 2 Michael Ct, Bethalto, IL, 62010 priced at $216,580 converts $1,997/mo rent into $495/mo cash flow after a $1,060/mo obligation. Total monthly income equals $1,997/mo, and annual cash flow totals $5,938/yr on $71,796 invested. Return on cash invested prints 28.18% in year one, and rental yield reads 11.06% against a $216,580 entry. Equity gained on principal adds $1,398/yr, while 5% annual appreciation compiles into $59,837 by year five. Five-year ROI reaches 148.18% and total cumulative return in cash sums $106,385. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,997/mo property income covering a $1,060/mo payment, not borrower’s personal income.
Single Family
Built in 1984
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62010, Bethalto, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,013 (100%) |
| Owner Occupied HU | 3,493 (69.7%) |
| Renter Occupied HU | 1,136 (22.7%) |
| Vacant Housing Units | 384 ( 7.7%) |
| Median Home Value | $230,733 |
| Average Home Value | $248,189 |
Housing Distribution
Address Breakdown
Residential
4,998
Single Family
4,786
Multi-Family
212
Businesses
230
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Listed by: Toni Lucas • Worth Clark Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25028396
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