3649 Berkeley AveAltonIL62002
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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 3649 Berkeley Ave, Alton, IL, 62002 generates $1,274/mo in rent and, after a $704/mo payment, leaves $276/mo in cash flow. Total monthly income is $1,274/mo, and annual cash flow is $3,314/yr on $47,703 invested. Return on cash invested sits at 26.86% in year one, and rental yield is 10.62% on a $143,900 entry. Equity gained on principal adds $929/yr, while 5% annual appreciation builds toward $39,757 over five years. Five-year ROI reaches 141.2% and total cumulative return in cash sums $67,355. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,274/mo property income rather than buyer’s personal income.
Single Family
Built in 1944
7,013 sqft 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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