503 Wabash AveBellevilleIL62220
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 Belleville at 503 Wabash Ave, Belleville, IL, 62220 at $210,000 posts ROI 30.57% with $618/mo cash flow from $2,075/mo rent. Total monthly income equals $2,075/mo, and annual cash flow records $7,419/yr on $69,615 to close. Return on cash invested measures 30.57% and rental yield reads 11.86% at the current $210,000. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 by year five. Five-year ROI prints 161.04% and total cumulative return in cash totals $112,108.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,075/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1906
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62220, Belleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,953 (100%) |
| Owner Occupied HU | 5,076 (56.7%) |
| Renter Occupied HU | 2,674 (29.9%) |
| Vacant Housing Units | 1,203 (13.4%) |
| Median Home Value | $173,638 |
| Average Home Value | $202,056 |
Housing Distribution
Address Breakdown
Residential
8,096
Single Family
7,597
Multi-Family
499
Businesses
674
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Listed by: Megan A Schobert • Keller Williams Pinnacle
Mls Name: MARIS
Mls ID: #25045385