523 Lincoln AveEast AltonIL62024
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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 East Alton at 523 Lincoln Ave, East Alton, IL, 62024 uses $33,150 cash to close to unlock $5,830/yr annual cash flow and $486/mo monthly cash flow. Total monthly income runs $1,179/mo, and a $489/mo payment keeps the spread at $486/mo. Purchase price stands at $100,000, and rental yield measures 14.15% with $1,179/mo rent. Return on cash invested shows 37.5% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 198.13% and total cumulative return in cash records $65,680. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,179/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1930
5,898 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: Jeb E Blasingame • Keller Williams Marquee
Mls Name: MARIS
Mls ID: #25056978