1503 E Parham 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 1503 E Parham St, Marion, IL, 62959 earns $784/mo cash flow from $1,596/mo rent with a $573/mo payment. Total monthly income totals $1,596/mo, and annual cash flow totals $9,409/yr on $38,786 capital. ROI tracks 44.17% on current figures, and rental yield reads 16.37% at a $117,000 purchase. Equity gained on principal adds $755/yr, and 5% annual appreciation supports $32,325 over five years. Five-year ROI reaches 234.06% and total cumulative return in cash sums $90,781. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,596/mo property income instead of your personal income.
Single Family
Built in 1984
3,720 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: Beth A Wilson • Paul Wilson Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB455058
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.