2407 E Main StBellevilleIL62221
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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 Belleville at 2407 E Main St, Belleville, IL, 62221 earns $119/mo cash flow from $1,159/mo rent with a $734/mo payment. Total monthly income totals $1,159/mo, and annual cash flow totals $1,425/yr on $49,725 capital. ROI tracks 22.77% on current figures, and rental yield reads 9.27% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 119.23% and total cumulative return in cash sums $59,286. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,159/mo property income instead of your personal income.
Single Family
Built in 1925
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62221, Belleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,726 (100%) |
| Owner Occupied HU | 7,788 (61.2%) |
| Renter Occupied HU | 4,046 (31.8%) |
| Vacant Housing Units | 892 ( 7.0%) |
| Median Home Value | $232,761 |
| Average Home Value | $264,956 |
Housing Distribution
Address Breakdown
Residential
12,440
Single Family
11,741
Multi-Family
699
Businesses
368
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Listed by: Lacey G Dore • Re/Max Signature Properties
Mls Name: MARIS
Mls ID: #25076778