608 E Washington StBellevilleIL62220
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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 Belleville at 608 E Washington St, Belleville, IL, 62220 uses $82,842 cash to close to unlock $5,637/yr annual cash flow and $470/mo monthly cash flow. Total monthly income runs $2,203/mo, and a $1,223/mo payment keeps the spread at $470/mo. Purchase price stands at $249,900, and rental yield measures 10.58% with $2,203/mo rent. Return on cash invested shows 26.71% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 140.32% and total cumulative return in cash records $116,246. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,203/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1913
0.53 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
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Listed by: Kinsey Mordini • Avenue Realty Associates
Mls Name: MARIS
Mls ID: #25046574