2821 Sunset DrGranite 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 2821 Sunset Dr, Granite City, IL, 62040 offers $1,832/mo rent that, after a $790/mo payment, leaves $700/mo cash flow. Total monthly income is $1,832/mo, and annual cash flow is $8,400/yr on $53,504 cash. Return on cash invested measures 35.61% in year one, and rental yield stands at 13.62% at a $161,400 entry. Equity gained on principal adds $1,041/yr while 5% annual appreciation compounds into $44,592 by year five. Five-year ROI records 188.08% and total cumulative return in cash reaches $100,629. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,832/mo property income versus a $790/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
6,420 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: Chris Miller • RE/MAX Alliance
Mls Name: MARIS
Mls Provider:
Mls ID: #22071781
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