584 Broadway StMarseillesIL61341
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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 Marseilles at 584 Broadway St, Marseilles, IL, 61341 listed at $175,000 pairs $1,368/mo rent with a $857/mo payment to leave $154/mo cash flow. Total monthly income runs $1,368/mo, and annual cash flow reaches $1,844/yr on $58,013 cash to close. Return on cash invested measures 23.09% in year one, and rental yield registers 9.38% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 120.9% and total cumulative return in cash totals $70,135. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,368/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
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: Lorrie Toler • Keller Williams Infinity
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12448131