6 Carriage LnMetropolisIL62960
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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 Metropolis at 6 Carriage Ln, Metropolis, IL, 62960 with 5% annual appreciation on a $249,900 basis while $2,107/mo rent supports operations. Total monthly income totals $2,107/mo and a $1,223/mo payment preserves $374/mo for cash returns. Annual cash flow comes to $4,485/yr on $82,842 deployed, and return on cash invested reaches 25.32% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,043 alongside rental yield of 10.12%. Five-year ROI measures 132.86% and total cumulative return in cash totals $110,066.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,107/mo property income versus a $1,223/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
1.02 Acres 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: Tyson Wyman • Metropolis IL Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12549619