3 Wabash PlBellevilleIL62220
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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 Belleville at 3 Wabash Pl, Belleville, IL, 62220 with 5% annual appreciation on a $118,900 basis while $1,074/mo rent supports operations. Total monthly income totals $1,074/mo and a $582/mo payment preserves $249/mo for cash returns. Annual cash flow comes to $2,991/yr on $39,415 deployed, and return on cash invested reaches 27.5% in year one. Equity gained on principal adds $767/yr, and five-year appreciation sums $32,850 alongside rental yield of 10.84%. Five-year ROI measures 144.61% and total cumulative return in cash totals $56,998.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,074/mo property income versus a $582/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62220, Belleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,953 (100%) |
| Owner Occupied HU | 5,076 (56.7%) |
| Renter Occupied HU | 2,674 (29.9%) |
| Vacant Housing Units | 1,203 (13.4%) |
| Median Home Value | $173,638 |
| Average Home Value | $202,056 |
Housing Distribution
Address Breakdown
Residential
8,096
Single Family
7,597
Multi-Family
499
Businesses
674
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Listed by: Caleb A Davis • Keller Williams Marquee
Mls Name: MARIS
Mls ID: #25057540