1302 Collins 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
Rental property for sale in Marion at 1302 Collins Ln, Marion, IL, 62959 priced at $599,000 converts $3,703/mo rent into after a $2,932/mo obligation. Total monthly income equals $3,703/mo. Return on cash invested prints 17.31% in year one, and rental yield reads 7.42% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 89.88% and total cumulative return in cash sums $177,118. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,703/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.54 Acres 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: J. Michelle Thies • Landmark Realty Group CD
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB458103
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.