530 N Duncan StMarineIL62061
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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 Marine at 530 N Duncan St, Marine, IL, 62061 offers $780/mo rent that, after a $1,346/mo payment. Total monthly income is $780/mo. Return on cash invested measures 5.07% in year one, and rental yield stands at 3.4% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 24.26% and total cumulative return in cash reaches $22,115. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $780/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
10,798 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62061, Marine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 770 (100%) |
| Owner Occupied HU | 592 (76.9%) |
| Renter Occupied HU | 116 (15.1%) |
| Vacant Housing Units | 62 ( 8.1%) |
| Median Home Value | $286,905 |
| Average Home Value | $301,014 |
Housing Distribution
Address Breakdown
Residential
592
Single Family
569
Multi-Family
23
Businesses
45
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