1002 ElmMarionIL62959
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Marion at 1002 Elm, Marion, IL, 62959 uses $39,449 cash to close to unlock $948/yr annual cash flow and $79/mo monthly cash flow. Total monthly income runs $904/mo, and a $582/mo payment keeps the spread at $79/mo. Purchase price stands at $119,000, and rental yield measures 9.12% with $904/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 116.82% and total cumulative return in cash records $46,085. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $904/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1993
261.36 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62959, Marion, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,389 (100%) |
| Owner Occupied HU | 7,893 (59.0%) |
| Renter Occupied HU | 3,743 (28.0%) |
| Vacant Housing Units | 1,753 (13.1%) |
| Median Home Value | $204,838 |
| Average Home Value | $249,602 |
Housing Distribution
Address Breakdown
Residential
12,303
Single Family
11,733
Multi-Family
570
Businesses
1,347
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices