218 N 3rd StBellevilleIL62221
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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 Belleville at 218 N 3rd St, Belleville, IL, 62221 offers $2,160/mo rent that, after a $1,380/mo payment, leaves $204/mo cash flow. Total monthly income is $2,160/mo, and annual cash flow is $2,451/yr on $93,483 cash. Return on cash invested measures 22.53% in year one, and rental yield stands at 9.19% at a $282,000 entry. Equity gained on principal adds $1,820/yr while 5% annual appreciation compounds into $77,911 by year five. Five-year ROI records 117.93% and total cumulative return in cash reaches $110,245. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,160/mo property income versus a $1,380/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62221, Belleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,726 (100%) |
| Owner Occupied HU | 7,788 (61.2%) |
| Renter Occupied HU | 4,046 (31.8%) |
| Vacant Housing Units | 892 ( 7.0%) |
| Median Home Value | $232,761 |
| Average Home Value | $264,956 |
Housing Distribution
Address Breakdown
Residential
12,440
Single Family
11,741
Multi-Family
699
Businesses
368
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Listed by: Toni Lucas • Worth Clark Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25009579
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