425 Marcy StOttawaIL61350
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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 Ottawa at 425 Marcy St, Ottawa, IL, 61350 with 5% annual appreciation on a $152,000 basis while $1,680/mo rent supports operations. Total monthly income totals $1,680/mo and a $744/mo payment preserves $626/mo for cash returns. Annual cash flow comes to $7,508/yr on $50,388 deployed, and return on cash invested reaches 34.81% in year one. Equity gained on principal adds $981/yr, and five-year appreciation sums $41,995 alongside rental yield of 13.26%. Five-year ROI measures 183.78% and total cumulative return in cash totals $92,602.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,680/mo property income versus a $744/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1925
6,360 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61350, Ottawa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,425 (100%) |
| Owner Occupied HU | 7,230 (63.3%) |
| Renter Occupied HU | 3,166 (27.7%) |
| Vacant Housing Units | 1,029 ( 9.0%) |
| Median Home Value | $173,815 |
| Average Home Value | $219,878 |
Housing Distribution
Address Breakdown
Residential
10,874
Single Family
10,179
Multi-Family
695
Businesses
1,058
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Listed by: Brittany Ross • RE/MAX 1st Choice
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #11851683
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)