1706 Melmar 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 1706 Melmar Dr, Marion, IL, 62959 priced at $325,000 pairs $4,562/mo rent with $2,307/mo cash flow after a $1,591/mo payment. Total monthly income equals $4,562/mo, and annual cash flow comes to $27,689/yr on $107,738 invested. Return on cash invested is 45.61% in year one, and rental yield stands at 16.84% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 241.67% and total cumulative return in cash reaches $260,365. For financing, Ziffy Mortgage’s DSCR program evaluates $4,562/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
0.86 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: Elaine H Melby • C21 HOUSE OF REALTY, INC. C
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB453804
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.