519 Sullivan StEast AltonIL62024
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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 East Alton at 519 Sullivan St, East Alton, IL, 62024 offers a 9.51% rental yield on a $165,000 purchase with $1,308/mo rent. Total monthly income registers $1,308/mo, and a $808/mo payment leaves $163/mo available for distribution. Annual cash flow reaches $1,957/yr on $54,698 to close, and return on cash invested stands at 23.49% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 123.1% and total cumulative return in cash at $67,331. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,308/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
8,781 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62024, East Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,540 (100%) |
| Owner Occupied HU | 2,731 (60.2%) |
| Renter Occupied HU | 1,419 (31.3%) |
| Vacant Housing Units | 390 ( 8.6%) |
| Median Home Value | $117,582 |
| Average Home Value | $173,868 |
Housing Distribution
Address Breakdown
Residential
4,177
Single Family
3,914
Multi-Family
263
Businesses
267
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Listed by: Anne Branum • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls ID: #25056764