2310 W 23rd StGranite CityIL62040
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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 Granite City at 2310 W 23rd St, Granite City, IL, 62040 offers a 11.95% rental yield on a $126,500 purchase with $1,260/mo rent. Total monthly income registers $1,260/mo, and a $619/mo payment leaves $383/mo available for distribution. Annual cash flow reaches $4,593/yr on $41,935 to close, and return on cash invested stands at 30.86% in year one. Equity gained on principal adds $816/yr while 5% annual appreciation supports $34,950 over five years. Portfolio math shows five-year ROI at 162.59% and total cumulative return in cash at $68,180. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,260/mo property income against a $619/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
5,623 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62040, Granite City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,293 (100%) |
| Owner Occupied HU | 12,054 (62.5%) |
| Renter Occupied HU | 5,220 (27.1%) |
| Vacant Housing Units | 2,019 (10.5%) |
| Median Home Value | $120,437 |
| Average Home Value | $156,786 |
Housing Distribution
Address Breakdown
Residential
17,538
Single Family
17,136
Multi-Family
402
Businesses
1,080
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Listed by: Caleb A Davis • Keller Williams Marquee
Mls Name: MARIS
Mls ID: #26003708