303 N Marion StCentraliaIL62801
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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 Centralia at 303 N Marion St, Centralia, IL, 62801 priced at $115,000 converts $885/mo rent into $87/mo cash flow after a $563/mo obligation. Total monthly income equals $885/mo, and annual cash flow totals $1,046/yr on $38,123 invested. Return on cash invested prints 22.65% in year one, and rental yield reads 9.23% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 118.66% and total cumulative return in cash sums $45,237. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $885/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62801, Centralia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,262 (100%) |
| Owner Occupied HU | 5,699 (61.5%) |
| Renter Occupied HU | 2,379 (25.7%) |
| Vacant Housing Units | 1,184 (12.8%) |
| Median Home Value | $103,671 |
| Average Home Value | $137,404 |
Housing Distribution
Address Breakdown
Residential
8,430
Single Family
7,994
Multi-Family
436
Businesses
716
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