317 S 3rd StMarionIL62959
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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 Marion at 317 S 3rd St, Marion, IL, 62959 with 5% annual appreciation on a $123,900 basis while $1,110/mo rent supports operations. Total monthly income totals $1,110/mo and a $606/mo payment preserves $251/mo for cash returns. Annual cash flow comes to $3,012/yr on $41,073 deployed, and return on cash invested reaches 27.24% in year one. Equity gained on principal adds $800/yr, and five-year appreciation sums $34,231 alongside rental yield of 10.75%. Five-year ROI measures 143.3% and total cumulative return in cash totals $58,856.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,110/mo property income versus a $606/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1942
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62959, Marion, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,389 (100%) |
| Owner Occupied HU | 7,893 (59.0%) |
| Renter Occupied HU | 3,743 (28.0%) |
| Vacant Housing Units | 1,753 (13.1%) |
| Median Home Value | $204,838 |
| Average Home Value | $249,602 |
Housing Distribution
Address Breakdown
Residential
12,303
Single Family
11,733
Multi-Family
570
Businesses
1,347
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Listed by: RON JONES • Homefinders Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB457291
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.