1603 Catherine StMetropolisIL62960
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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 Metropolis at 1603 Catherine St, Metropolis, IL, 62960 offers a 11.96% rental yield on a $199,900 purchase with $1,993/mo rent. Total monthly income registers $1,993/mo, and a $978/mo payment leaves $607/mo available for distribution. Annual cash flow reaches $7,282/yr on $66,267 to close, and return on cash invested stands at 30.9% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 162.76% and total cumulative return in cash at $107,857. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,993/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1930
3 Acres 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
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Listed by: Lorenzo Goodman • Farmer & Co. Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB460324