2326 Edwards StGranite CityIL62040
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 Granite City at 2326 Edwards St, Granite City, IL, 62040 priced at $100,000 converts $1,243/mo rent into $550/mo cash flow after a $489/mo obligation. Total monthly income equals $1,243/mo, and annual cash flow totals $6,598/yr on $33,150 invested. Return on cash invested prints 39.81% in year one, and rental yield reads 14.92% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 210.58% and total cumulative return in cash sums $69,808. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,243/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1910
7,287 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Greer • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls Provider:
Mls ID: #25028781
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#197)