7306 Norris DrMarionIL62959
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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 Marion at 7306 Norris Dr, Marion, IL, 62959 uses $91,163 cash to close to unlock $7,770/yr annual cash flow and $648/mo monthly cash flow. Total monthly income runs $2,555/mo, and a $1,346/mo payment keeps the spread at $648/mo. Purchase price stands at $275,000, and rental yield measures 11.15% with $2,555/mo rent. Return on cash invested shows 28.43% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 149.55% and total cumulative return in cash records $136,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,555/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.61 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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