304 N Grace 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
Investment property for sale in Marissa at 304 N Grace St, Marissa, IL, 62257 listed at $107,500 pairs $468/mo rent with a $526/mo payment. Total monthly income runs $468/mo. Return on cash invested measures 10.57% in year one, and rental yield registers 5.22% at a $107,500 basis. Equity gained on principal adds $694/yr, and annual property appreciation at 5% supports $29,700 by year five. Five-year ROI tracks 53.76% and total cumulative return in cash totals $19,159. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $468/mo property income relative to a $526/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1890
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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