2912 Ash 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
Rental property for sale in Granite City at 2912 Ash Ave, Granite City, IL, 62040 generates $918/mo in rent and, after a $563/mo payment, leaves $120/mo in cash flow. Total monthly income is $918/mo, and annual cash flow is $1,442/yr on $38,123 invested. Return on cash invested sits at 23.69% in year one, and rental yield is 9.58% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 124.2% and total cumulative return in cash sums $47,349. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $918/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
7,535 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: Diane D Rieger • RE/MAX Alliance
Mls Name: MARIS
Mls ID: #25069821