804 Illinois AveCollinsvilleIL62234
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.26% yield at 804 Illinois Ave, Collinsville, IL, 62234 in Collinsville is solid, but the $486/mo payment compresses net cash flow to $84/mo at $108,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $29,838 by year five, and $995/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.71) without U.S. income documentation. Total projected return: $46,708.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.0% |
| Monthly Cash Flow | $84 | $500 |
City averages based on Collinsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $833 |
| Total Monthly Debt Service | $706 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca M DeMond • RE/MAX Preferred
Mls Name: MARIS
Mls ID: #25065398