417 Prospect St APT GAltonIL62002
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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 417 Prospect St APT G, Alton, IL, 62002 priced at $160,000 pairs $1,331/mo rent with after a $783/mo payment. Total monthly income equals $1,331/mo. Return on cash invested is 18.17% in year one, and rental yield stands at 9.98% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 97.04% and total cumulative return in cash reaches $51,470. For financing, Ziffy Mortgage’s DSCR program evaluates $1,331/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1925
0.88 Acres lot
$N/A/sqft
$298 monthly 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: Sherry Gilleland • Dream Home Realty Centre Inc
Mls Name: MARIS
Mls Provider:
Mls ID: #25051970
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