2551 Edison 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 2551 Edison Ave, Granite City, IL, 62040 listed at $202,000 pairs $1,110/mo rent with a $989/mo payment. Total monthly income runs $1,110/mo. Return on cash invested measures 14.69% in year one, and rental yield registers 6.59% at a $202,000 basis. Equity gained on principal adds $1,303/yr, and annual property appreciation at 5% supports $55,809 by year five. Five-year ROI tracks 75.86% and total cumulative return in cash totals $50,796. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,110/mo property income relative to a $989/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1920
6,250 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: Viktoriia Kovel • Keller Williams Pinnacle
Mls Name: MARIS
Mls Provider:
Mls ID: #25067206
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