110 S Duncan StMarineIL62061
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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
Rental property for sale in Marine at 110 S Duncan St, Marine, IL, 62061 priced at $199,900 converts $1,704/mo rent into $318/mo cash flow after a $978/mo obligation. Total monthly income equals $1,704/mo, and annual cash flow totals $3,814/yr on $66,267 invested. Return on cash invested prints 25.67% in year one, and rental yield reads 10.23% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 134.67% and total cumulative return in cash sums $89,245. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,704/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62061, Marine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 770 (100%) |
| Owner Occupied HU | 592 (76.9%) |
| Renter Occupied HU | 116 (15.1%) |
| Vacant Housing Units | 62 ( 8.1%) |
| Median Home Value | $286,905 |
| Average Home Value | $301,014 |
Housing Distribution
Address Breakdown
Residential
592
Single Family
569
Multi-Family
23
Businesses
45
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Listed by: Kristen Heitzig-Weld • Tarrant And Harman Real Estate
Mls Name: MARIS
Mls Provider:
Mls ID: #25003071
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