2614 Morrison RdGranite 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
Rental property for sale in Granite City at 2614 Morrison Rd, Granite City, IL, 62040 priced at $225,000 converts $1,808/mo rent into $248/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,808/mo, and annual cash flow totals $2,971/yr on $74,588 invested. Return on cash invested prints 23.89% in year one, and rental yield reads 9.64% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 125.21% and total cumulative return in cash sums $93,393. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,808/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in N/A
15.68 Acres 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: Daniel Greene • Century 21 Bailey & Company
Mls Name: MARIS
Mls ID: #21007553