864 Oakwood LnEast 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 864 Oakwood Ln, East Alton, IL, 62024 priced at $175,000 converts $1,362/mo rent into $148/mo cash flow after a $857/mo obligation. Total monthly income equals $1,362/mo, and annual cash flow totals $1,772/yr on $58,013 invested. Return on cash invested prints 22.96% in year one, and rental yield reads 9.34% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 120.23% and total cumulative return in cash sums $69,751. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,362/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.34 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: Kristene Schmitt • KRS Realty, LLC
Mls Name: MARIS
Mls ID: #26003275