315 University AveBellevilleIL62221
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 315 University Ave, Belleville, IL, 62221 priced at $169,900 pairs $1,300/mo rent with $121/mo cash flow after a $832/mo payment. Total monthly income equals $1,300/mo, and annual cash flow comes to $1,453/yr on $56,322 invested. Return on cash invested is 22.49% in year one, and rental yield stands at 9.18% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 117.76% and total cumulative return in cash reaches $66,326. For financing, Ziffy Mortgage’s DSCR program evaluates $1,300/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1984
4,356 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: Cari Brunner • RE/MAX Preferred
Mls Name: MARIS
Mls ID: #25081049