510 1/2 E 6th 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 510 1/2 E 6th St, Metropolis, IL, 62960 generates $1,036/mo in rent and, after a $636/mo payment, leaves $135/mo in cash flow. Total monthly income is $1,036/mo, and annual cash flow is $1,617/yr on $43,062 invested. Return on cash invested sits at 23.66% in year one, and rental yield is 9.57% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 124% and total cumulative return in cash sums $53,395. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,036/mo property income rather than buyer’s personal income.
Single Family
Built in 1922
6,000 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: Makaela Johnson • GIA REAL ESTATE, INC.
Mls Name: RMLS Alliance
Mls ID: #EB458921