4114 N Park Dr

Belleville, IL 62226
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2 bd, 2 ba | 1,584 sqft | Built in 1955

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List Price
$103,000

$7K

Initial Investment

$28,068

Purchase Price

$103,000

Down Payment

25%

Rent

$1,340

Total Return

$40,120

Annualized Return

21.5%

Cap Rate

8.2%

Gross Yield

15.6%

Cash Flow

$2,087

Appreciation

5.1%
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Features

Property Type

Unspecified

Lot Size

6,534

HOA

None
Tenant occupied with rents current. Currently month to month at $1,025/m. In the last twelve months, the Seller has installed new appliances and new waterproofing under the house with pump as well as new exterior lighting with new toilet and electrical in living room. Selling "AS IS". Inspections for Buyer's knowledge only. Seller to make no repairs and will not provide updated City occupancy inspection. Information provided is from sources believed accurate. However, Agents/Buyers should verify all information. Seller is selling multiple properties in Belleville. Here is an opportunity to build a rental portfolio or add to your existing one. Check out 1024 S Charles St (MLS# 23013410), 651 North 39th St (MLS# 23013369), 306 South 20th St (MLS#23012900), 4119 North Park Dr (MLS# 23009577), 25 Buckingham Rd (MLS# 23013411).

See more in Analysis
Payton Blaylock
EXP Realty LLC (Payton Blaylock-IL)
IL Agent License #475163463
Annual Financial Highlights

Expected Rent

$15,276

Expenses

-$4,386

Property Taxes

-$3,203

Loan Payments

-$5,600

Net Cash Flow

$2,087

See 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.
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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.

Similar Listings



Listing Courtesy of:Randy Miller
Agent License 471021653
SGM Realty, LLC
Certified Agent Brokerage:Payton Blaylock
EXP Realty LLC (Payton Blaylock-IL)
IL Brokerage License 477014144
SourceMid America Regional Information Systems (MARIS).
MLS #23012896
Last Updated: 04/14/2023 20:04
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