309 W 11th 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 W 11th St, Metropolis, IL, 62960 uses $56,322 cash to close to unlock $5,797/yr annual cash flow and $483/mo monthly cash flow. Total monthly income runs $1,662/mo, and a $832/mo payment keeps the spread at $483/mo. Purchase price stands at $169,900, and rental yield measures 11.74% with $1,662/mo rent. Return on cash invested shows 30.2% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 159.1% and total cumulative return in cash records $89,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,662/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1925
6,098 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: LAURIE A HINES • RE/MAX ADVANTAGE
Mls Name: RMLS Alliance
Mls ID: #EB459658