213 S Scandia StAlphaIL61413
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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 Alpha at 213 S Scandia St, Alpha, IL, 61413 uses $35,802 cash to close to unlock $1,410/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $867/mo, and a $529/mo payment keeps the spread at $118/mo. Purchase price stands at $108,000, and rental yield measures 9.63% with $867/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $29,838 over five years. Five-year ROI reaches 125.01% and total cumulative return in cash records $44,756. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $867/mo property income covering a $529/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61413, Alpha, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 488 (100%) |
| Owner Occupied HU | 371 (76.0%) |
| Renter Occupied HU | 67 (13.7%) |
| Vacant Housing Units | 50 (10.2%) |
| Median Home Value | $152,841 |
| Average Home Value | $179,434 |
Housing Distribution
Address Breakdown
Residential
256
Single Family
256
Multi-Family
0
Businesses
31
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