505 Springwood DrBellevilleIL62220
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
Rental property for sale in Belleville at 505 Springwood Dr, Belleville, IL, 62220 priced at $429,900 pairs $3,148/mo rent with $166/mo cash flow after a $2,104/mo payment. Total monthly income equals $3,148/mo, and annual cash flow comes to $1,995/yr on $142,512 invested. Return on cash invested is 21.31% in year one, and rental yield stands at 8.79% on a $429,900 basis. Equity gained on principal adds $2,774/yr, and 5% annual appreciation accumulates to $118,773 by year five. Five-year ROI measures 111.34% and total cumulative return in cash reaches $158,671. For financing, Ziffy Mortgage’s DSCR program evaluates $3,148/mo property income against a $2,104/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.30 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rachel Helbig Burkarth • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls ID: #25043724