309 N Ferrell StMartinsvilleIL62442
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 309 N Ferrell St, Martinsville, IL, 62442 in Martinsville the bet is firmly on appreciation. Rental yield 0%. The 0% gross yield on a $118,000 price is below income-first thresholds, but 5%/yr value growth projects $32,601 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.00) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 7.0% |
| Monthly Cash Flow | $0 | $300 |
City averages based on Martinsville market data in our database. Property projections are estimates.
Single Family
Built in 1950
0.27 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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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
Single Family
Built in 1950
0.27 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Carol Rice • Stence Realty
Mls Name: CIBR
Mls ID: #6255732