717 N Morrison AveCollinsvilleIL62234
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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 Collinsville at 717 N Morrison Ave, Collinsville, IL, 62234 uses $53,040 cash to close to unlock $1,744/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $1,255/mo, and a $783/mo payment keeps the spread at $145/mo. Purchase price stands at $160,000, and rental yield measures 9.41% with $1,255/mo rent. Return on cash invested shows 23.2% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 121.5% and total cumulative return in cash records $64,442. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,255/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1940
9,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62234, Collinsville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,774 (100%) |
| Owner Occupied HU | 9,509 (64.4%) |
| Renter Occupied HU | 4,163 (28.2%) |
| Vacant Housing Units | 1,102 ( 7.5%) |
| Median Home Value | $174,788 |
| Average Home Value | $221,394 |
Housing Distribution
Address Breakdown
Residential
14,239
Single Family
13,831
Multi-Family
408
Businesses
860
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Listed by: Andy L Robinson • Keller Williams Marquee
Mls Name: MARIS
Mls ID: #26001943