3533 Hoover DrAltonIL62002
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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
Rental property for sale in Alton at 3533 Hoover Dr, Alton, IL, 62002 priced at $114,900 converts $1,130/mo rent into $333/mo cash flow after a $562/mo obligation. Total monthly income equals $1,130/mo, and annual cash flow totals $4,001/yr on $38,089 invested. Return on cash invested prints 30.41% in year one, and rental yield reads 11.8% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 160.24% and total cumulative return in cash sums $61,034. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,130/mo property income covering a $562/mo payment, not borrower’s personal income.
Single Family
Built in 1949
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62002, Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,063 (100%) |
| Owner Occupied HU | 8,686 (57.7%) |
| Renter Occupied HU | 4,521 (30.0%) |
| Vacant Housing Units | 1,856 (12.3%) |
| Median Home Value | $140,313 |
| Average Home Value | $198,082 |
Housing Distribution
Address Breakdown
Residential
13,601
Single Family
12,833
Multi-Family
768
Businesses
1,120
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Listed by: Ali L Tarrant • Tarrant And Harman Real Estate
Mls Name: MARIS
Mls Provider:
Mls ID: #24069195
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