892 Lester 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 892 Lester Ave, Collinsville, IL, 62234 listed at $173,000 pairs $1,339/mo rent with a $847/mo payment to leave $139/mo cash flow. Total monthly income runs $1,339/mo, and annual cash flow reaches $1,665/yr on $57,350 cash to close. Return on cash invested measures 22.81% in year one, and rental yield registers 9.29% at a $173,000 basis. Equity gained on principal adds $1,116/yr, and annual property appreciation at 5% supports $47,797 by year five. Five-year ROI tracks 119.42% and total cumulative return in cash totals $68,487. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,339/mo property income relative to a $847/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1986
3,641 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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Nearby investment properties with comparable prices
Listed by: Brittney Litteken • Homes By Janell
Mls Name: MARIS
Mls ID: #25071467