3 RamsgateCollinsvilleIL62234
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Collinsville at 3 Ramsgate, Collinsville, IL, 62234 earns from $2,341/mo rent with a $1,904/mo payment. Total monthly income totals $2,341/mo. ROI tracks 16.35% on current figures, and rental yield reads 7.22% at a $389,000 purchase. Equity gained on principal adds $2,510/yr, and 5% annual appreciation supports $107,474 over five years. Five-year ROI reaches 84.84% and total cumulative return in cash sums $109,398. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,341/mo property income instead of your personal income.
Single Family
Built in 1996
0.48 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62234, Collinsville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,774 (100%) |
| Owner Occupied HU | 9,509 (64.4%) |
| Renter Occupied HU | 4,163 (28.2%) |
| Vacant Housing Units | 1,102 ( 7.5%) |
| Median Home Value | $174,788 |
| Average Home Value | $221,394 |
Housing Distribution
Address Breakdown
Residential
14,239
Single Family
13,831
Multi-Family
408
Businesses
860
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anna M Schuetzenhofer • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls Provider:
Mls ID: #25019225
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