626 Belleville St

Lebanon, IL 62254
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4 bd, 2 ba | 1,503 sqft | Built in 1900

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List Price
$125,000

Initial Investment

$34,063

Purchase Price

$125,000

Down Payment

25%

Rent

$1,668

Total Return

$61,263

Annualized Return

25.5%

Cap Rate

8.6%

Gross Yield

16.0%

Cash Flow

$2,995

Appreciation

6.4%
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Features

Property Type

Unspecified

Lot Size

7,405

HOA

None
Attention investors - this is a great 4 bedroom ready for you to add to your rental portfolio! Currently leased at $1250/month through 09/08/2023. Boasting charm & character throughout with traditional millwork, built-in shelves and 10'ft ceilings but still offering updates with newer carpet, paint & roof (2020). This unique layout provides each bedroom access to jack & jill bathrooms with 2 bedrooms on the main level and 2 bedrooms upstairs. Large, fenced backyard provides small storage & covered patio great for spring BBQs. Conveniently located within blocks of McKendree University and downtown Lebanon making this a prime investment opportunity! Please do not disturb tenants - no showings until accepted contract.

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

Expected Rent

$19,011

Expenses

-$5,543

Property Taxes

-$3,678

Loan Payments

-$6,796

Net Cash Flow

$2,995

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.
  • 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.
  • You can be represented in the purchase by a Roofstock-affiliated real estate agent who is an expert in investment properties and knows the local market.
  • Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
  • Upon introduction to the Roofstock-affiliated agent, you may discuss your investing strategy with the agent who will assist you in the buying process.

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:Brittney Huetsch
Agent License 475188544
Homes By Janell
Certified Agent Brokerage:Payton Blaylock
EXP Realty LLC (Payton Blaylock-IL)
IL Brokerage License 477014144
SourceMid America Regional Information Systems (MARIS).
MLS #23007617
Last Updated: 03/07/2023 17:03
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