603 N 8th StMurphysboroIL62966
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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 Murphysboro at 603 N 8th St, Murphysboro, IL, 62966 priced at $119,900 converts $963/mo rent into $131/mo cash flow after a $587/mo obligation. Total monthly income equals $963/mo, and annual cash flow totals $1,574/yr on $39,747 invested. Return on cash invested prints 23.87% in year one, and rental yield reads 9.64% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 125.2% and total cumulative return in cash sums $49,764. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $963/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1943
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62966, Murphysboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,343 (100%) |
| Owner Occupied HU | 4,211 (57.3%) |
| Renter Occupied HU | 1,983 (27.0%) |
| Vacant Housing Units | 1,149 (15.6%) |
| Median Home Value | $124,798 |
| Average Home Value | $162,091 |
Housing Distribution
Address Breakdown
Residential
6,477
Single Family
6,245
Multi-Family
232
Businesses
487
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Listed by: JASON L MUELLER • EXIT REALTY NEW BEGINNINGZ
Mls Name: RMLS Alliance
Mls ID: #EB459917