207 S Park StMarissaIL62257
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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 Marissa at 207 S Park St, Marissa, IL, 62257 priced at $220,000 converts $1,415/mo rent into after a $1,077/mo obligation. Total monthly income equals $1,415/mo. Return on cash invested prints 18.08% in year one, and rental yield reads 7.72% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 94.03% and total cumulative return in cash sums $68,579. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,415/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1901
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62257, Marissa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,323 (100%) |
| Owner Occupied HU | 946 (71.5%) |
| Renter Occupied HU | 204 (15.4%) |
| Vacant Housing Units | 173 (13.1%) |
| Median Home Value | $183,475 |
| Average Home Value | $220,122 |
Housing Distribution
Address Breakdown
Residential
1,193
Single Family
1,169
Multi-Family
24
Businesses
96
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