229 Bender AveEast AltonIL62024
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
Rental property for sale in East Alton at 229 Bender Ave, East Alton, IL, 62024 priced at $132,000 pairs $1,104/mo rent with $189/mo cash flow after a $646/mo payment. Total monthly income equals $1,104/mo, and annual cash flow comes to $2,262/yr on $43,758 invested. Return on cash invested is 25.08% in year one, and rental yield stands at 10.04% on a $132,000 basis. Equity gained on principal adds $852/yr, and 5% annual appreciation accumulates to $36,469 by year five. Five-year ROI measures 131.62% and total cumulative return in cash reaches $57,595. For financing, Ziffy Mortgage’s DSCR program evaluates $1,104/mo property income against a $646/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.34 Acres 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: Rachel Helbig Burkarth • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls ID: #25075439