4845 Azalea PlAltonIL62002
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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 4845 Azalea Pl, Alton, IL, 62002 offers a 13.39% rental yield on a $185,000 purchase with $2,065/mo rent. Total monthly income registers $2,065/mo, and a $905/mo payment leaves $562/mo available for distribution. Annual cash flow reaches $6,747/yr on $61,328 to close, and return on cash invested stands at 30.91% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 164.45% and total cumulative return in cash at $100,851. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,065/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2015
9,147 sqft lot
$N/A/sqft
$220 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: Jackie Sumpter • Landmark Realty
Mls Name: MARIS
Mls Provider:
Mls ID: #25030298
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