309 E 9th StMetropolisIL62960
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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 Metropolis at 309 E 9th St, Metropolis, IL, 62960 with 5% annual appreciation on a $114,900 basis while $914/mo rent supports operations. Total monthly income totals $914/mo and a $562/mo payment preserves $117/mo for cash returns. Annual cash flow comes to $1,409/yr on $38,089 deployed, and return on cash invested reaches 23.61% in year one. Equity gained on principal adds $741/yr, and five-year appreciation sums $31,745 alongside rental yield of 9.55%. Five-year ROI measures 123.72% and total cumulative return in cash totals $47,126.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $914/mo property income versus a $562/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62960, Metropolis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,400 (100%) |
| Owner Occupied HU | 3,499 (64.8%) |
| Renter Occupied HU | 1,123 (20.8%) |
| Vacant Housing Units | 778 (14.4%) |
| Median Home Value | $141,240 |
| Average Home Value | $169,498 |
Housing Distribution
Address Breakdown
Residential
4,716
Single Family
4,657
Multi-Family
59
Businesses
411
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Listed by: Stewart Weisenberger • Farmer & Co. Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB456441
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.