9 Mercer DrGranite CityIL62040
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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 Granite City at 9 Mercer Dr, Granite City, IL, 62040 with 5% annual appreciation on a $171,900 basis while $1,560/mo rent supports operations. Total monthly income totals $1,560/mo and a $841/mo payment preserves $368/mo for cash returns. Annual cash flow comes to $4,416/yr on $56,985 deployed, and return on cash invested reaches 27.66% in year one. Equity gained on principal adds $1,109/yr, and five-year appreciation sums $47,493 alongside rental yield of 10.89%. Five-year ROI measures 145.48% and total cumulative return in cash totals $82,902.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,560/mo property income versus a $841/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62040, Granite City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,293 (100%) |
| Owner Occupied HU | 12,054 (62.5%) |
| Renter Occupied HU | 5,220 (27.1%) |
| Vacant Housing Units | 2,019 (10.5%) |
| Median Home Value | $120,437 |
| Average Home Value | $156,786 |
Housing Distribution
Address Breakdown
Residential
17,538
Single Family
17,136
Multi-Family
402
Businesses
1,080
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Listed by: Lisa Barnhart • RE/MAX Alliance
Mls Name: MARIS
Mls ID: #25072476