2305 Edison Ave
Granite City, IL 62040
List Price
$74,900
Initial Investment
$20,410Purchase Price
$74,900
Down Payment
25%
Rent
$1,392
Total Return
$39,751
Annualized Return
31.6%
Cap Rate
12.7%
Gross Yield
22.3%
Cash Flow
$4,503
Appreciation
3.9%
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Features
Lot Size
6,250
HOA
None
Welcome home! This 3 bedroom, 2 bath home has an expansive covered front porch. The space in the living room and dining room is generous. Many of the rooms in this home have original hardwood flooring and trim. Kitchen has ample counter space and nice cabinets with dishwasher, refrigerator and gas range (all remain with the home). Main floor bath has been updated. Second floor has 3, nice sized bedrooms and a bonus room off of one of the bedrooms that could be made into an office/den or a walk-in closet. Full sized bath is on this level. Extra storage space in the attic if needed. Laundry hookups are in the unfinished basement. There is a deck off of the rear entryway. Huge back yard with a chain link fence. Off street parking. Just four blocks from Wilson Park!
See more in Analysis
Payton Blaylock
EXP Realty LLC (Payton Blaylock-IL)
IL Agent License #475163463
Annual Financial Highlights
Expected Rent
$15,869Expenses
-$5,434Property Taxes
-$1,860Loan Payments
-$4,072Net Cash Flow
$4,503See more in Financials
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.
- Properties listed on Roofstock are displayed from MLS data and are chosen by Roofstock for their investment potential—often as soon as it hits the market.
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- Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
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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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SourceMid America Regional Information Systems (MARIS).
MLS #23004830
Last Updated: 02/03/2023 09:02
MLS #23004830
Last Updated: 02/03/2023 09:02