392 N 6th StEast AltonIL62024
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 East Alton at 392 N 6th St, East Alton, IL, 62024 uses $49,725 cash to close to unlock $1,245/yr annual cash flow and $104/mo monthly cash flow. Total monthly income runs $1,144/mo, and a $734/mo payment keeps the spread at $104/mo. Purchase price stands at $150,000, and rental yield measures 9.15% with $1,144/mo rent. Return on cash invested shows 22.41% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 117.25% and total cumulative return in cash records $58,302. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,144/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62024, East Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,540 (100%) |
| Owner Occupied HU | 2,731 (60.2%) |
| Renter Occupied HU | 1,419 (31.3%) |
| Vacant Housing Units | 390 ( 8.6%) |
| Median Home Value | $117,582 |
| Average Home Value | $173,868 |
Housing Distribution
Address Breakdown
Residential
4,177
Single Family
3,914
Multi-Family
263
Businesses
267
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly A May-Bramlet • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls ID: #25082226