348 Mill StBethaltoIL62010
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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 Bethalto at 348 Mill St, Bethalto, IL, 62010 uses $33,694 cash to close to unlock $360/yr annual cash flow and $30/mo monthly cash flow. Total monthly income runs $793/mo, and a $497/mo payment keeps the spread at $30/mo. Purchase price stands at $101,640, and rental yield measures 9.36% with $793/mo rent. Return on cash invested shows 20.98% in year one, and 5% annual appreciation builds toward $28,081 over five years. Five-year ROI reaches 110.45% and total cumulative return in cash records $37,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $793/mo property income covering a $497/mo payment rather than investor’s personal income.
Single Family
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62010, Bethalto, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,013 (100%) |
| Owner Occupied HU | 3,493 (69.7%) |
| Renter Occupied HU | 1,136 (22.7%) |
| Vacant Housing Units | 384 ( 7.7%) |
| Median Home Value | $230,733 |
| Average Home Value | $248,189 |
Housing Distribution
Address Breakdown
Residential
4,998
Single Family
4,786
Multi-Family
212
Businesses
230
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