1844 Spruce StMurphysboroIL62966
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Murphysboro at 1844 Spruce St, Murphysboro, IL, 62966 listed at $114,500 pairs $659/mo rent with a $560/mo payment. Total monthly income runs $659/mo. Return on cash invested measures 15.65% in year one, and rental yield registers 6.91% at a $114,500 basis. Equity gained on principal adds $739/yr, and annual property appreciation at 5% supports $31,634 by year five. Five-year ROI tracks 81.08% and total cumulative return in cash totals $30,776. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $659/mo property income relative to a $560/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1941
3,789 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62966, Murphysboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,343 (100%) |
| Owner Occupied HU | 4,211 (57.3%) |
| Renter Occupied HU | 1,983 (27.0%) |
| Vacant Housing Units | 1,149 (15.6%) |
| Median Home Value | $124,798 |
| Average Home Value | $162,091 |
Housing Distribution
Address Breakdown
Residential
6,477
Single Family
6,245
Multi-Family
232
Businesses
487
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katie Bak, ABR,CRS,E-PRO,MRP,SFR • Gates and Gables Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12413161