804 Illinois 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 804 Illinois Ave, Collinsville, IL, 62234 uses $35,802 cash to close to unlock $1,002/yr annual cash flow and $84/mo monthly cash flow. Total monthly income runs $833/mo, and a $529/mo payment keeps the spread at $84/mo. Purchase price stands at $108,000, and rental yield measures 9.26% with $833/mo rent. Return on cash invested shows 22.71% in year one, and 5% annual appreciation builds toward $29,838 over five years. Five-year ROI reaches 118.91% and total cumulative return in cash records $42,572. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $833/mo property income covering a $529/mo payment rather than investor’s personal income.
Single Family
Built in 1908
8,712 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: Rebecca M DeMond • RE/MAX Preferred
Mls Name: MARIS
Mls ID: #25065398