813 Willoway AveEast AltonIL62024
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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 East Alton at 813 Willoway Ave, East Alton, IL, 62024 generates $1,508/mo in rent and, after a $905/mo payment, leaves $226/mo in cash flow. Total monthly income is $1,508/mo, and annual cash flow is $2,706/yr on $61,294 invested. Return on cash invested sits at 24.32% in year one, and rental yield is 9.79% on a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 127.52% and total cumulative return in cash sums $78,163. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,508/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62024, East Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,540 (100%) |
| Owner Occupied HU | 2,731 (60.2%) |
| Renter Occupied HU | 1,419 (31.3%) |
| Vacant Housing Units | 390 ( 8.6%) |
| Median Home Value | $117,582 |
| Average Home Value | $173,868 |
Housing Distribution
Address Breakdown
Residential
4,177
Single Family
3,914
Multi-Family
263
Businesses
267
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Listed by: Shelly Niemeier • Legacy Realty & Auction, Llc
Mls Name: MARIS
Mls ID: #25057955