2 Hickory LnMetropolisIL62960
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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 Metropolis at 2 Hickory Ln, Metropolis, IL, 62960 priced at $199,000 pairs $1,527/mo rent with $147/mo cash flow after a $974/mo payment. Total monthly income equals $1,527/mo, and annual cash flow comes to $1,760/yr on $65,969 invested. Return on cash invested is 22.58% in year one, and rental yield stands at 9.21% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 118.14% and total cumulative return in cash reaches $77,934. For financing, Ziffy Mortgage’s DSCR program evaluates $1,527/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
0.41 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: Makaela Johnson • GIA REAL ESTATE, INC.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12539892