215 Summit AveGlen CarbonIL62034
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Glen Carbon at 215 Summit Ave, Glen Carbon, IL, 62034 uses $40,609 cash to close to unlock $8,831/yr annual cash flow and $736/mo monthly cash flow. Total monthly income runs $1,586/mo, and a $600/mo payment keeps the spread at $736/mo. Purchase price stands at $122,500, and rental yield measures 15.54% with $1,586/mo rent. Return on cash invested shows 41.66% in year one, and 5% annual appreciation builds toward $33,844 over five years. Five-year ROI reaches 220.45% and total cumulative return in cash records $89,520. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,586/mo property income covering a $600/mo payment rather than investor’s personal income.
Single Family
Built in 1900
10,454 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristene Schmitt • KRS Realty, LLC
Mls Name: MARIS
Mls Provider:
Mls ID: #24055726
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_197)