2646 Whipporwill LnGranite 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 2646 Whipporwill Ln, Granite City, IL, 62040 priced at $132,400 pairs $2,629/mo rent with $1,711/mo cash flow after a $648/mo payment. Total monthly income equals $2,629/mo, and annual cash flow comes to $20,528/yr on $43,891 invested. Return on cash invested is 66.68% in year one, and rental yield stands at 23.83% on a $132,400 basis. Equity gained on principal adds $854/yr, and 5% annual appreciation accumulates to $36,580 by year five. Five-year ROI measures 354.66% and total cumulative return in cash reaches $155,664. For financing, Ziffy Mortgage’s DSCR program evaluates $2,629/mo property income against a $648/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
10,123 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: Derek Morgan • USRealty.com, LLP
Mls Name: MARIS
Mls Provider:
Mls ID: #24037164
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