2324 Grand AveGranite 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 2324 Grand Ave, Granite City, IL, 62040 offers a 9.27% rental yield on a $102,000 purchase with $788/mo rent. Total monthly income registers $788/mo, and a $499/mo payment leaves $81/mo available for distribution. Annual cash flow reaches $969/yr on $33,813 to close, and return on cash invested stands at 22.77% in year one. Equity gained on principal adds $658/yr while 5% annual appreciation supports $28,181 over five years. Portfolio math shows five-year ROI at 119.23% and total cumulative return in cash at $40,316. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $788/mo property income against a $499/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
4,800 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: Sherry R MacKo • Century 21 Bailey & Company
Mls Name: MARIS
Mls ID: #25046439