305 Flagstone DrBellevilleIL62221
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
Rental property for sale in Belleville at 305 Flagstone Dr, Belleville, IL, 62221 priced at $249,900 converts $2,254/mo rent into $521/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,254/mo, and annual cash flow totals $6,249/yr on $82,842 invested. Return on cash invested prints 27.45% in year one, and rental yield reads 10.82% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 144.29% and total cumulative return in cash sums $119,534. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,254/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1985
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62221, Belleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,726 (100%) |
| Owner Occupied HU | 7,788 (61.2%) |
| Renter Occupied HU | 4,046 (31.8%) |
| Vacant Housing Units | 892 ( 7.0%) |
| Median Home Value | $232,761 |
| Average Home Value | $264,956 |
Housing Distribution
Address Breakdown
Residential
12,440
Single Family
11,741
Multi-Family
699
Businesses
368
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Listed by: James L Blasingame • Keller Williams Marquee
Mls Name: MARIS
Mls ID: #25042248