231 Parkway DrSwanseaIL62226
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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 Swansea at 231 Parkway Dr, Swansea, IL, 62226 priced at $160,000 converts $1,590/mo rent into $480/mo cash flow after a $783/mo obligation. Total monthly income equals $1,590/mo, and annual cash flow totals $5,764/yr on $53,040 invested. Return on cash invested prints 30.78% in year one, and rental yield reads 11.92% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 162.17% and total cumulative return in cash sums $86,018. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,590/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.47 Acres lot
$N/A/sqft
No 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
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