1502 Chart Hills DrMarionIL62959
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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 1502 Chart Hills Dr, Marion, IL, 62959 offers $3,560/mo rent that, after a $3,181/mo payment. Total monthly income is $3,560/mo. Return on cash invested measures 14.43% in year one, and rental yield stands at 6.57% at a $649,900 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,555 by year five. Five-year ROI records 74.56% and total cumulative return in cash reaches $159,414. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,560/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
0.50 Acres lot
$N/A/sqft
$275 annually 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: MELISSA A PLANT • COLDWELL BANKER J. DAVID THOMPSON
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB456051
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