31 Moorland DrGranite CityIL62040
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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 Granite City at 31 Moorland Dr, Granite City, IL, 62040 priced at $185,000 converts $1,437/mo rent into $154/mo cash flow after a $905/mo obligation. Total monthly income equals $1,437/mo, and annual cash flow totals $1,851/yr on $61,328 invested. Return on cash invested prints 22.93% in year one, and rental yield reads 9.32% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 120.05% and total cumulative return in cash sums $73,623. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,437/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.34 Acres 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: Dana L Ficker • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls ID: #25040418