640 Overton 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
Rental property for sale in Marseilles at 640 Overton St, Marseilles, IL, 61341 priced at $164,900 converts $1,312/mo rent into $168/mo cash flow after a $807/mo obligation. Total monthly income equals $1,312/mo, and annual cash flow totals $2,020/yr on $54,664 invested. Return on cash invested prints 23.6% in year one, and rental yield reads 9.55% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 123.71% and total cumulative return in cash sums $67,624. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,312/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.37 Acres 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: Kim Wirtz, ABR,CRS,E-PRO • Wirtz Real Estate Group Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12450734