209 S Pence StEast AltonIL62024
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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 East Alton at 209 S Pence St, East Alton, IL, 62024 priced at $147,550 converts $1,320/mo rent into $297/mo cash flow after a $722/mo obligation. Total monthly income equals $1,320/mo, and annual cash flow totals $3,561/yr on $48,913 invested. Return on cash invested prints 27.19% in year one, and rental yield reads 10.74% against a $147,550 entry. Equity gained on principal adds $952/yr, while 5% annual appreciation compiles into $40,765 by year five. Five-year ROI reaches 142.89% and total cumulative return in cash sums $69,893. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,320/mo property income covering a $722/mo payment, not borrower’s personal income.
Single Family
Built in 2009
4,687 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62024, East Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,540 (100%) |
| Owner Occupied HU | 2,731 (60.2%) |
| Renter Occupied HU | 1,419 (31.3%) |
| Vacant Housing Units | 390 ( 8.6%) |
| Median Home Value | $117,582 |
| Average Home Value | $173,868 |
Housing Distribution
Address Breakdown
Residential
4,177
Single Family
3,914
Multi-Family
263
Businesses
267
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Listed by: Vicki Bedwell • eXp Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25036437
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