728 Southgate Dr

Belleville, IL 62223
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3 bd, 2 ba | 1,862 sqft | Built in 1959

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List Price
$109,900

$9.1K

Initial Investment

$29,948

Purchase Price

$109,900

Down Payment

25%

Rent

$1,570

Total Return

$58,934

Annualized Return

27.6%

Cap Rate

9.1%

Gross Yield

17.1%

Cash Flow

$3,151

Appreciation

6.8%
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Features

Lot Size

12,197

HOA

None
Estate - Sold AS IS. Seller will make no repairs nor provide any inspections. Buyer is responsible for occupancy inspection and certificate, to be obtained after closing; Buyer to verify any/all information provided including square footage and lot size. This is a Lender approved short sale of an estate that has a remaining mortgage; All offers must be reviewed/approved by lender, offers will be reviewed after 7 days on the market. Financed offers must include Proof of funds & Lender pre-approval letter; Cash offers must include Proof of Funds; Corporate offers must include Corporate Resolution reflecting authorized signer. Listing Agent is related to the Estate.

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

Expected Rent

$17,898

Expenses

-$4,822

Property Taxes

-$3,950

Loan Payments

-$5,975

Net Cash Flow

$3,151

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.

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Listing Courtesy of:Cynthia Grosse
Agent License 471013140
Cynthia Grosse
Certified Agent Brokerage:Payton Blaylock
EXP Realty LLC (Payton Blaylock-IL)
IL Brokerage License 477014144
SourceMid America Regional Information Systems (MARIS).
MLS #23004493
Last Updated: 03/13/2023 18:03
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.