1901 Spring Garden RdMarionIL62959
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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 1901 Spring Garden Rd, Marion, IL, 62959 listed at $489,900 pairs $3,282/mo rent with a $2,398/mo payment. Total monthly income runs $3,282/mo. Return on cash invested measures 19.05% in year one, and rental yield registers 8.04% at a $489,900 basis. Equity gained on principal adds $3,161/yr, and annual property appreciation at 5% supports $135,350 by year five. Five-year ROI tracks 99.22% and total cumulative return in cash totals $161,129. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,282/mo property income relative to a $2,398/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
1.28 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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