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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Marshall at 802 Cedar St, Marshall, IL, 62441 priced at $248,500 converts $1,350/mo rent into after a $1,216/mo obligation. Total monthly income equals $1,350/mo. Return on cash invested prints 14.47% in year one, and rental yield reads 6.52% against a $248,500 entry. Equity gained on principal adds $1,604/yr, while 5% annual appreciation compiles into $68,656 by year five. Five-year ROI reaches 74.66% and total cumulative return in cash sums $61,507. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,350/mo property income covering a $1,216/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 62441, Marshall, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,443 (100%) |
| Owner Occupied HU | 2,287 (66.4%) |
| Renter Occupied HU | 790 (22.9%) |
| Vacant Housing Units | 366 (10.6%) |
| Median Home Value | $158,270 |
| Average Home Value | $185,334 |
Residential
3,159
Single Family
3,144
Multi-Family
15
Businesses
280
Date | Event | Price |
|---|---|---|
| 2025-06-27 | Sold | $248,500 |
| 2025-06-10 | Pending sale | $250,000 |
| 2025-05-21 | Contingent | $250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $2524.20 | 1.31% | $38,981 | N/A |
| 2023-10-31 | $2491.58 | 3.73% | $38,981 | 12.00% |
| 2022-10-31 | $2402.06 | -0.61% | $34,805 | 7.00% |
Listed by: Nancy Stepp • Crossroads Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #6252041
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.
