401 Scott StMarseillesIL61341
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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
Rental property for sale in Marseilles at 401 Scott St, Marseilles, IL, 61341 priced at $215,000 converts $2,040/mo rent into $549/mo cash flow after a $1,052/mo obligation. Total monthly income equals $2,040/mo, and annual cash flow totals $6,588/yr on $71,273 invested. Return on cash invested prints 29.15% in year one, and rental yield reads 11.39% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 153.45% and total cumulative return in cash sums $109,369. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1890
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61341, Marseilles, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,793 (100%) |
| Owner Occupied HU | 2,654 (70.0%) |
| Renter Occupied HU | 746 (19.7%) |
| Vacant Housing Units | 393 (10.4%) |
| Median Home Value | $209,601 |
| Average Home Value | $261,014 |
Housing Distribution
Address Breakdown
Residential
3,511
Single Family
3,438
Multi-Family
73
Businesses
186
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Listed by: Beth Girot • Arrow Realty Group LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12478846