2305 Lucy DrBellevilleIL62226
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 2305 Lucy Dr, Belleville, IL, 62226 in Belleville at $124,500 earns $1,590/mo in rent and nets $69/mo after the $560/mo payment, a 15.33% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $34,397 over five years. Ziffy Mortgage underwrites this on a 2.84 DSCR without U.S. credit history. With $1,147/yr in principal paydown, total projected return reaches $54,947.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.3% | 4.8% |
| Monthly Cash Flow | $69 | $520 |
City averages based on Belleville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,590 |
| Total Monthly Debt Service | $1,471 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1998
N/A lot
$N/A/sqft
$657 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62226, Belleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,499 (100%) |
| Owner Occupied HU | 8,318 (57.4%) |
| Renter Occupied HU | 4,615 (31.8%) |
| Vacant Housing Units | 1,566 (10.8%) |
| Median Home Value | $201,090 |
| Average Home Value | $231,123 |
Housing Distribution
Address Breakdown
Residential
12,949
Single Family
11,666
Multi-Family
1,283
Businesses
755
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
Manufactured
Built in 1998
N/A lot
$N/A/sqft
$657 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62226, Belleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,499 (100%) |
| Owner Occupied HU | 8,318 (57.4%) |
| Renter Occupied HU | 4,615 (31.8%) |
| Vacant Housing Units | 1,566 (10.8%) |
| Median Home Value | $201,090 |
| Average Home Value | $231,123 |
Housing Distribution
Address Breakdown
Residential
12,949
Single Family
11,666
Multi-Family
1,283
Businesses
755
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A