220 E 6th StAltonIL62002
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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 220 E 6th St, Alton, IL, 62002 uses $42,764 cash to close to unlock $1,027/yr annual cash flow and $86/mo monthly cash flow. Total monthly income runs $980/mo, and a $631/mo payment keeps the spread at $86/mo. Purchase price stands at $129,000, and rental yield measures 9.12% with $980/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 116.76% and total cumulative return in cash records $49,933. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $980/mo property income covering a $631/mo payment rather than investor’s personal income.
Multi Family
Built in 1891
7,501 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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Listed by: Sharon K Pratt • Re/Max River Bend
Mls Name: MARIS
Mls Provider:
Mls ID: #24062063
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