5958 Wards Mill RdMarionIL62959
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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 Marion at 5958 Wards Mill Rd, Marion, IL, 62959 offers $2,858/mo rent that, after a $1,940/mo payment, leaves $109/mo cash flow. Total monthly income is $2,858/mo, and annual cash flow is $1,307/yr on $131,373 cash. Return on cash invested measures 20.9% in year one, and rental yield stands at 8.65% at a $396,300 entry. Equity gained on principal adds $2,557/yr while 5% annual appreciation compounds into $109,490 by year five. Five-year ROI records 109.16% and total cumulative return in cash reaches $143,406. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,858/mo property income versus a $1,940/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
4.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62959, Marion, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,389 (100%) |
| Owner Occupied HU | 7,893 (59.0%) |
| Renter Occupied HU | 3,743 (28.0%) |
| Vacant Housing Units | 1,753 (13.1%) |
| Median Home Value | $204,838 |
| Average Home Value | $249,602 |
Housing Distribution
Address Breakdown
Residential
12,303
Single Family
11,733
Multi-Family
570
Businesses
1,347
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