1003 Cedar LnMarionIL62959
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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 1003 Cedar Ln, Marion, IL, 62959 uses $43,857 cash to close to unlock $1,259/yr annual cash flow and $105/mo monthly cash flow. Total monthly income runs $1,023/mo, and a $648/mo payment keeps the spread at $105/mo. Purchase price stands at $132,300, and rental yield measures 9.28% with $1,023/mo rent. Return on cash invested shows 22.78% in year one, and 5% annual appreciation builds toward $36,552 over five years. Five-year ROI reaches 119.22% and total cumulative return in cash records $52,289. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,023/mo property income covering a $648/mo payment rather than investor’s personal income.
Single Family
Built in 1975
N/A 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
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