701 Forest AveBellevilleIL62220
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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 Belleville at 701 Forest Ave, Belleville, IL, 62220 priced at $310,000 converts $2,072/mo rent into after a $1,517/mo obligation. Total monthly income equals $2,072/mo. Return on cash invested prints 19% in year one, and rental yield reads 8.02% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 98.99% and total cumulative return in cash sums $101,731. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,072/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1912
0.35 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: Chauncey D Mixon • Keller Williams Marquee
Mls Name: MARIS
Mls ID: #25071735