307 Spring StAltonIL62002
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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
Rental property for sale in Alton at 307 Spring St, Alton, IL, 62002 offers $1,303/mo rent that, after a $612/mo payment, leaves $418/mo cash flow. Total monthly income is $1,303/mo, and annual cash flow is $5,018/yr on $41,438 cash. Return on cash invested measures 32.02% in year one, and rental yield stands at 12.51% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 169.08% and total cumulative return in cash reaches $70,061. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,303/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1889
2,478 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62002, Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,063 (100%) |
| Owner Occupied HU | 8,686 (57.7%) |
| Renter Occupied HU | 4,521 (30.0%) |
| Vacant Housing Units | 1,856 (12.3%) |
| Median Home Value | $140,313 |
| Average Home Value | $198,082 |
Housing Distribution
Address Breakdown
Residential
13,601
Single Family
12,833
Multi-Family
768
Businesses
1,120
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Listed by: Jeb E Blasingame • Keller Williams Marquee
Mls Name: MARIS
Mls Provider:
Mls ID: #25026924
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