300 Mechanical DrEast AltonIL62024
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 East Alton at 300 Mechanical Dr, East Alton, IL, 62024 at $237,500 posts ROI 20.17% with $17/mo cash flow from $1,664/mo rent. Total monthly income equals $1,664/mo, and annual cash flow records $205/yr on $78,731 to close. Return on cash invested measures 20.17% and rental yield reads 8.41% at the current $237,500. Equity gained on principal adds $1,533/yr, and 5% annual appreciation supports $65,617 by year five. Five-year ROI prints 105.27% and total cumulative return in cash totals $82,881.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,664/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
3 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: Steve R Aud • Market Pro Realty, Inc
Mls Name: MARIS
Mls Provider:
Mls ID: #24070589
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