417 Prospect St APT HAltonIL62002
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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
Investment property for sale in Alton at 417 Prospect St APT H, Alton, IL, 62002 with 5% annual appreciation on a $130,000 basis while $1,014/mo rent supports operations. Total monthly income totals $1,014/mo and a $636/mo payment preserves $113/mo for cash returns. Annual cash flow comes to $1,351/yr on $43,095 deployed, and return on cash invested reaches 23.04% in year one. Equity gained on principal adds $839/yr, and five-year appreciation sums $35,917 alongside rental yield of 9.36%. Five-year ROI measures 120.66% and total cumulative return in cash totals $51,999.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,014/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1925
0.88 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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