3202 W Main StBellevilleIL62226
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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
Investment property for sale in Belleville at 3202 W Main St, Belleville, IL, 62226 uses $59,007 cash to close to unlock $2,287/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,425/mo, and a $871/mo payment keeps the spread at $191/mo. Purchase price stands at $178,000, and rental yield measures 9.61% with $1,425/mo rent. Return on cash invested shows 23.78% in year one, and 5% annual appreciation builds toward $49,178 over five years. Five-year ROI reaches 124.62% and total cumulative return in cash records $73,537. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,425/mo property income covering a $871/mo payment rather than investor’s personal income.
Single Family
Built in 1922
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62226, Belleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,499 (100%) |
| Owner Occupied HU | 8,318 (57.4%) |
| Renter Occupied HU | 4,615 (31.8%) |
| Vacant Housing Units | 1,566 (10.8%) |
| Median Home Value | $201,090 |
| Average Home Value | $231,123 |
Housing Distribution
Address Breakdown
Residential
12,949
Single Family
11,666
Multi-Family
1,283
Businesses
755
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Listed by: Joanne Szoke • Joanne Szoke, Broker
Mls Name: MARIS
Mls ID: #25082778