505 Illinois StMarseillesIL61341
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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 Marseilles at 505 Illinois St, Marseilles, IL, 61341 priced at $140,000 pairs $1,096/mo rent with $125/mo cash flow after a $685/mo payment. Total monthly income equals $1,096/mo, and annual cash flow comes to $1,502/yr on $46,410 invested. Return on cash invested is 23.15% in year one, and rental yield stands at 9.39% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. Five-year ROI measures 121.26% and total cumulative return in cash reaches $56,278. For financing, Ziffy Mortgage’s DSCR program evaluates $1,096/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
4,791 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: Cortney Kaufman • Coldwell Banker Real Estate Group
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12523033