601 N Hamilton StMarissaIL62257
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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 Marissa at 601 N Hamilton St, Marissa, IL, 62257 earns $299/mo cash flow from $1,091/mo rent with a $557/mo payment. Total monthly income totals $1,091/mo, and annual cash flow totals $3,590/yr on $37,758 capital. ROI tracks 29.42% on current figures, and rental yield reads 11.49% at a $113,900 purchase. Equity gained on principal adds $735/yr, and 5% annual appreciation supports $31,468 over five years. Five-year ROI reaches 154.97% and total cumulative return in cash sums $58,512. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,091/mo property income instead of your personal income.
Single Family
Built in 1902
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62257, Marissa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,323 (100%) |
| Owner Occupied HU | 946 (71.5%) |
| Renter Occupied HU | 204 (15.4%) |
| Vacant Housing Units | 173 (13.1%) |
| Median Home Value | $183,475 |
| Average Home Value | $220,122 |
Housing Distribution
Address Breakdown
Residential
1,193
Single Family
1,169
Multi-Family
24
Businesses
96
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Listed by: BETH A MILLER-PORTER • SHAMROCK REAL ESTATE
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB454790
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.