508 Hillcrest StMetropolisIL62960
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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 Metropolis at 508 Hillcrest St, Metropolis, IL, 62960 priced at $129,900 converts $1,015/mo rent into $114/mo cash flow after a $636/mo obligation. Total monthly income equals $1,015/mo, and annual cash flow totals $1,365/yr on $43,062 invested. Return on cash invested prints 23.08% in year one, and rental yield reads 9.38% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 120.85% and total cumulative return in cash sums $52,039. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,015/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1954
6,496 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62960, Metropolis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,400 (100%) |
| Owner Occupied HU | 3,499 (64.8%) |
| Renter Occupied HU | 1,123 (20.8%) |
| Vacant Housing Units | 778 (14.4%) |
| Median Home Value | $141,240 |
| Average Home Value | $169,498 |
Housing Distribution
Address Breakdown
Residential
4,716
Single Family
4,657
Multi-Family
59
Businesses
411
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Listed by: Tiffany Korte • Farmer & Co. Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #EB459326