941 Douglas StAltonIL62002
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 941 Douglas St, Alton, IL, 62002 in Alton delivers $1,182/mo in gross rent and $364/mo in net monthly income at a $118,000 entry. The 12.02% yield and 2.23 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $32,601 over five years and $1,087/yr in equity from loan paydown, total projected return is $68,544.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 8.0% |
| Monthly Cash Flow | $364 | $1,200 |
City averages based on Alton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,182 |
| Total Monthly Debt Service | $772 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1949
6,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62002, Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,063 (100%) |
| Owner Occupied HU | 8,686 (57.7%) |
| Renter Occupied HU | 4,521 (30.0%) |
| Vacant Housing Units | 1,856 (12.3%) |
| Median Home Value | $140,313 |
| Average Home Value | $198,082 |
Housing Distribution
Address Breakdown
Residential
13,601
Single Family
12,833
Multi-Family
768
Businesses
1,120
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
Single Family
Built in 1949
6,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62002, Alton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,063 (100%) |
| Owner Occupied HU | 8,686 (57.7%) |
| Renter Occupied HU | 4,521 (30.0%) |
| Vacant Housing Units | 1,856 (12.3%) |
| Median Home Value | $140,313 |
| Average Home Value | $198,082 |
Housing Distribution
Address Breakdown
Residential
13,601
Single Family
12,833
Multi-Family
768
Businesses
1,120
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert D Doody • Tarrant and Harman Real Estate and Auction Co
Mls Name: MARIS
Mls Provider:
Mls ID: #25048392
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