524 N 24th StEast Saint LouisIL62205
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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
Rental property for sale in East Saint Louis at 524 N 24th St, East Saint Louis, IL, 62205 generates $1,588/mo in rent and, after a $685/mo payment, leaves $617/mo in cash flow. Total monthly income is $1,588/mo, and annual cash flow is $7,406/yr on $46,410 invested. Return on cash invested sits at 35.87% in year one, and rental yield is 13.61% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 189.5% and total cumulative return in cash sums $87,946. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,588/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62205, East Saint Louis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,523 (100%) |
| Owner Occupied HU | 1,471 (41.8%) |
| Renter Occupied HU | 1,363 (38.7%) |
| Vacant Housing Units | 689 (19.6%) |
| Median Home Value | $63,430 |
| Average Home Value | $196,646 |
Housing Distribution
Address Breakdown
Residential
3,092
Single Family
2,938
Multi-Family
154
Businesses
220
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