9 Tulip AveGranite CityIL62040
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
Investment Highlights
Investment property for sale in Granite City at 9 Tulip Ave, Granite City, IL, 62040 at $135,000 posts ROI 37.78% with $666/mo cash flow from $1,603/mo rent. Total monthly income equals $1,603/mo, and annual cash flow records $7,996/yr on $44,753 to close. Return on cash invested measures 37.78% and rental yield reads 14.25% at the current $135,000. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 by year five. Five-year ROI prints 199.69% and total cumulative return in cash totals $89,365.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,603/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
8,280 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diane D Rieger • RE/MAX Alliance
Mls Name: MARIS
Mls ID: #25062988