298 Nicole DrCaseyvilleIL62232
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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
Investment property for sale in Caseyville at 298 Nicole Dr, Caseyville, IL, 62232 listed at $279,830 pairs $2,263/mo rent with a $1,370/mo payment to leave $322/mo cash flow. Total monthly income runs $2,263/mo, and annual cash flow reaches $3,860/yr on $92,764 cash to close. Return on cash invested measures 24.07% in year one, and rental yield registers 9.7% at a $279,830 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,312 by year five. Five-year ROI tracks 126.14% and total cumulative return in cash totals $117,015. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,263/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62232, Caseyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,338 (100%) |
| Owner Occupied HU | 2,301 (68.9%) |
| Renter Occupied HU | 669 (20.0%) |
| Vacant Housing Units | 368 (11.0%) |
| Median Home Value | $216,379 |
| Average Home Value | $265,296 |
Housing Distribution
Address Breakdown
Residential
3,193
Single Family
3,089
Multi-Family
104
Businesses
168
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Listed by: Paula Peppers • Re/Max Signature Properties
Mls Name: MARIS
Mls ID: #23069124