405 S Main StMarissaIL62257
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 Marissa at 405 S Main St, Marissa, IL, 62257 priced at $159,900 pairs $1,239/mo rent with $89/mo cash flow after a $783/mo payment. Total monthly income equals $1,239/mo, and annual cash flow comes to $1,070/yr on $53,007 invested. Return on cash invested is 21.93% in year one, and rental yield stands at 9.3% on a $159,900 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,177 by year five. Five-year ROI measures 115.06% and total cumulative return in cash reaches $60,990. For financing, Ziffy Mortgage’s DSCR program evaluates $1,239/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62257, Marissa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,323 (100%) |
| Owner Occupied HU | 946 (71.5%) |
| Renter Occupied HU | 204 (15.4%) |
| Vacant Housing Units | 173 (13.1%) |
| Median Home Value | $183,475 |
| Average Home Value | $220,122 |
Housing Distribution
Address Breakdown
Residential
1,193
Single Family
1,169
Multi-Family
24
Businesses
96
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Listed by: Shannon Middleton • RE/MAX All Star Advantage
Mls Name: MARIS
Mls Provider:
Mls ID: #25035622
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