707 Royal StAltonIL62002
Nearby investment properties with comparable rents
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 Alton at 707 Royal St, Alton, IL, 62002 at $182,900 posts ROI 23.23% with $168/mo cash flow from $1,436/mo rent. Total monthly income equals $1,436/mo, and annual cash flow records $2,011/yr on $60,631 to close. Return on cash invested measures 23.23% and rental yield reads 9.42% at the current $182,900. Equity gained on principal adds $1,180/yr, and 5% annual appreciation supports $50,532 by year five. Five-year ROI prints 121.63% and total cumulative return in cash totals $73,743.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,436/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1928
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62002, Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,063 (100%) |
| Owner Occupied HU | 8,686 (57.7%) |
| Renter Occupied HU | 4,521 (30.0%) |
| Vacant Housing Units | 1,856 (12.3%) |
| Median Home Value | $140,313 |
| Average Home Value | $198,082 |
Housing Distribution
Address Breakdown
Residential
13,601
Single Family
12,833
Multi-Family
768
Businesses
1,120
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Listed by: Jason Jackson • Tarrant And Harman Real Estate
Mls Name: MARIS
Mls Provider:
Mls ID: #24067048
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