312 E Ofallon DrCaseyvilleIL62232
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $119,900, 312 E Ofallon Dr, Caseyville, IL, 62232 in Caseyville generates $916/mo in rent (9.17% yield) but nets only $84/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.70) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $33,126. Total projected return: $51,336.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.0% |
| Monthly Cash Flow | $84 | $1,500 |
City averages based on Caseyville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $916 |
| Total Monthly Debt Service | $784 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1954
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62232, Caseyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,338 (100%) |
| Owner Occupied HU | 2,301 (68.9%) |
| Renter Occupied HU | 669 (20.0%) |
| Vacant Housing Units | 368 (11.0%) |
| Median Home Value | $216,379 |
| Average Home Value | $265,296 |
Housing Distribution
Address Breakdown
Residential
3,193
Single Family
3,089
Multi-Family
104
Businesses
168
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
Single Family
Built in 1954
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62232, Caseyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,338 (100%) |
| Owner Occupied HU | 2,301 (68.9%) |
| Renter Occupied HU | 669 (20.0%) |
| Vacant Housing Units | 368 (11.0%) |
| Median Home Value | $216,379 |
| Average Home Value | $265,296 |
Housing Distribution
Address Breakdown
Residential
3,193
Single Family
3,089
Multi-Family
104
Businesses
168
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rachel Helbig Burkarth • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls ID: #25069774