404 E Carter StMarionIL62959
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Marion at 404 E Carter St, Marion, IL, 62959 offers $865/mo rent that, after a $538/mo payment, leaves $102/mo cash flow. Total monthly income is $865/mo, and annual cash flow is $1,229/yr on $36,465 cash. Return on cash invested measures 23.28% in year one, and rental yield stands at 9.44% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 121.99% and total cumulative return in cash reaches $44,484. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $865/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
8,550 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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