2155 State St

Granite City, IL 62040
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3 bd, 1 ba | 1,154 sqft | Built in 1920

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List Price
$49,500

$4.5K

Initial Investment

$12,808

Purchase Price

$47,000

Down Payment

25%

Rent

$995

Total Return

$28,506

Annualized Return

36.3%

Cap Rate

14.3%

Gross Yield

25.4%

Cash Flow

$3,497

Appreciation

3.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

4,163

HOA

None
Flooring, bathroom, and kitchen recently updated. Roof and windows are within the last 8-12 years. Tall ceilings, oversized garage, closed in front porch, as well as an unfinished basement. Selling as-is. With a few finishing touches (occupancy requirements needed are in the supplemental information) home will be move in ready. Great for investors as a rental, or first time homeowners.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Payton Blaylock
EXP Realty LLC (Payton Blaylock-IL)
IL Agent License #475163463

Annual Financial Highlights

Expected Rent

$11,343

Expenses

-$3,891

Property Taxes

-$1,400

Loan Payments

-$2,555

Net Cash Flow

$3,497

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Brady Maxwell
Agent License 475186729
RE/MAX Alliance
Certified Agent Brokerage:Payton Blaylock
EXP Realty LLC (Payton Blaylock-IL)
IL Brokerage License 477014144
SourceMid America Regional Information Systems (MARIS).
MLS #23000518
Last Updated: 01/30/2023 08:01
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.