1115 North AveMetropolisIL62960
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 1115 North Ave, Metropolis, IL, 62960 in Metropolis is listed at $159,900 and delivers $1,349/mo in rent and $240/mo in net monthly cash flow. The 10.12% yield and 1.88 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $44,177 over five years, and $1,473/yr in principal reduction supplements cash return. Total projected cumulative return: $76,615.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.0% |
| Monthly Cash Flow | $240 | $1,200 |
City averages based on Metropolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,349 |
| Total Monthly Debt Service | $1,045 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62960, Metropolis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,400 (100%) |
| Owner Occupied HU | 3,499 (64.8%) |
| Renter Occupied HU | 1,123 (20.8%) |
| Vacant Housing Units | 778 (14.4%) |
| Median Home Value | $141,240 |
| Average Home Value | $169,498 |
Housing Distribution
Address Breakdown
Residential
4,716
Single Family
4,657
Multi-Family
59
Businesses
411
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
Single Family
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62960, Metropolis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,400 (100%) |
| Owner Occupied HU | 3,499 (64.8%) |
| Renter Occupied HU | 1,123 (20.8%) |
| Vacant Housing Units | 778 (14.4%) |
| Median Home Value | $141,240 |
| Average Home Value | $169,498 |
Housing Distribution
Address Breakdown
Residential
4,716
Single Family
4,657
Multi-Family
59
Businesses
411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tiffany Korte • Farmer & Co. Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB457605
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.