206 Longfellow AveAltonIL62002
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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 Alton at 206 Longfellow Ave, Alton, IL, 62002 at $189,000 posts ROI 24.68% with $249/mo cash flow from $1,560/mo rent. Total monthly income equals $1,560/mo, and annual cash flow records $2,989/yr on $62,654 to close. Return on cash invested measures 24.68% and rental yield reads 9.9% at the current $189,000. Equity gained on principal adds $1,220/yr, and 5% annual appreciation supports $52,217 by year five. Five-year ROI prints 129.49% and total cumulative return in cash totals $81,130.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,560/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1958
7,348 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62002, Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,063 (100%) |
| Owner Occupied HU | 8,686 (57.7%) |
| Renter Occupied HU | 4,521 (30.0%) |
| Vacant Housing Units | 1,856 (12.3%) |
| Median Home Value | $140,313 |
| Average Home Value | $198,082 |
Housing Distribution
Address Breakdown
Residential
13,601
Single Family
12,833
Multi-Family
768
Businesses
1,120
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