3037 Blumberg RdMarineIL62061
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 Marine at 3037 Blumberg Rd, Marine, IL, 62061 generates $1,303/mo in rent, after a $1,126/mo payment. Total monthly income is $1,303/mo. Return on cash invested sits at 15.3% in year one, and rental yield is 6.8% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 79.17% and total cumulative return in cash sums $60,367. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,303/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62061, Marine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 770 (100%) |
| Owner Occupied HU | 592 (76.9%) |
| Renter Occupied HU | 116 (15.1%) |
| Vacant Housing Units | 62 ( 8.1%) |
| Median Home Value | $286,905 |
| Average Home Value | $301,014 |
Housing Distribution
Address Breakdown
Residential
592
Single Family
569
Multi-Family
23
Businesses
45
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Craig A Wieseman • Coldwell Banker Brown Realtors
Mls Name: MARIS
Mls Provider:
Mls ID: #24071750
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. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_197)