3901 Wabash AveGranite 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
Rental property for sale in Granite City at 3901 Wabash Ave, Granite City, IL, 62040 priced at $180,000 pairs $1,431/mo rent with $49/mo cash flow after a $881/mo payment. Total monthly income equals $1,431/mo, and annual cash flow comes to $590/yr on $59,670 invested. Return on cash invested is 20.9% in year one, and rental yield stands at 9.54% on a $180,000 basis. Equity gained on principal adds $1,162/yr, and 5% annual appreciation accumulates to $49,731 by year five. Five-year ROI measures 110.17% and total cumulative return in cash reaches $65,741. For financing, Ziffy Mortgage’s DSCR program evaluates $1,431/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
0.36 Acres 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: Jay Vandenburgh • Keller Williams Marquee
Mls Name: MARIS
Mls Provider:
Mls ID: #25033518
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