3016 Warren 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
Investment property for sale in Granite City at 3016 Warren Ave, Granite City, IL, 62040 uses $54,698 cash to close to unlock $2,497/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $1,353/mo, and a $808/mo payment keeps the spread at $208/mo. Purchase price stands at $165,000, and rental yield measures 9.84% with $1,353/mo rent. Return on cash invested shows 24.47% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 128.38% and total cumulative return in cash records $70,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,353/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1956
6,420 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: Amy M Sujanani • RE/MAX Alliance
Mls Name: MARIS
Mls ID: #25051902