290 Bender AveEast AltonIL62024
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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 East Alton at 290 Bender Ave, East Alton, IL, 62024 priced at $250,000 pairs $2,208/mo rent with $474/mo cash flow after a $1,224/mo payment. Total monthly income equals $2,208/mo, and annual cash flow comes to $5,683/yr on $82,875 invested. Return on cash invested is 26.77% in year one, and rental yield stands at 10.6% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 140.61% and total cumulative return in cash reaches $116,530. For financing, Ziffy Mortgage’s DSCR program evaluates $2,208/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62024, East Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,540 (100%) |
| Owner Occupied HU | 2,731 (60.2%) |
| Renter Occupied HU | 1,419 (31.3%) |
| Vacant Housing Units | 390 ( 8.6%) |
| Median Home Value | $117,582 |
| Average Home Value | $173,868 |
Housing Distribution
Address Breakdown
Residential
4,177
Single Family
3,914
Multi-Family
263
Businesses
267
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Listed by: Kristen Heitzig-Weld • Tarrant and Harman Real Estate and Auction Co
Mls Name: MARIS
Mls Provider:
Mls ID: #25039970
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