1201 E Reeves StMarionIL62959
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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 1201 E Reeves St, Marion, IL, 62959 uses $69,118 cash to close to unlock $2,824/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $1,682/mo, and a $1,021/mo payment keeps the spread at $235/mo. Purchase price stands at $208,500, and rental yield measures 9.68% with $1,682/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $57,605 over five years. Five-year ROI reaches 125.79% and total cumulative return in cash records $86,941. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,682/mo property income covering a $1,021/mo payment rather than investor’s personal income.
Single Family
Built in 2024
8,755 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
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Listed by: Kali Lynn • House 2 Home Realty Marion
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4258121
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.