2202 Illinois Ave APT 3 & 4MurphysboroIL62966
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 2202 Illinois Ave APT 3 & 4, Murphysboro, IL, 62966 uses $36,134 cash to close to unlock $3,761/yr annual cash flow and $313/mo monthly cash flow. Total monthly income runs $1,070/mo, and a $534/mo payment keeps the spread at $313/mo. Purchase price stands at $109,000, and rental yield measures 11.78% with $1,070/mo rent. Return on cash invested shows 30.32% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 159.7% and total cumulative return in cash records $57,706. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,070/mo property income covering a $534/mo payment rather than investor’s personal income.
Multi Family
Built in 1984
7,500 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: Robert A Davenport • RE/MAX Realty Central
Mls Name: RMLS Alliance
Mls ID: #EB454698