206 W 16th StMetropolisIL62960
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
Rental property for sale in Metropolis at 206 W 16th St, Metropolis, IL, 62960 generates $890/mo in rent and, after a $562/mo payment, leaves $93/mo in cash flow. Total monthly income is $890/mo, and annual cash flow is $1,121/yr on $38,089 invested. Return on cash invested sits at 22.85% in year one, and rental yield is 9.3% on a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 119.66% and total cumulative return in cash sums $45,578. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $890/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
4,800 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cole Vickers • Farmer & Co. Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB457776
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.