3365 Colgate PlGranite CityIL62040
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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 Granite City at 3365 Colgate Pl, Granite City, IL, 62040 listed at $183,000 pairs $2,203/mo rent with a $896/mo payment to leave $933/mo cash flow. Total monthly income runs $2,203/mo, and annual cash flow reaches $11,200/yr on $60,665 cash to close. Return on cash invested measures 38.37% in year one, and rental yield registers 14.45% at a $183,000 basis. Equity gained on principal adds $1,181/yr, and annual property appreciation at 5% supports $50,560 by year five. Five-year ROI tracks 202.89% and total cumulative return in cash totals $123,083. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,203/mo property income relative to a $896/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
7,466 sqft 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: Kenbra Knight • Century 21 Bailey & Company
Mls Name: MARIS
Mls Provider:
Mls ID: #25065103
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