908 E 7th St · Metropolis, IL 62960

$134,900

3 bd · 2.0 ba · 1,332 sqft · Other · 40 Days on market

Built 1956 6,000 sqft lot

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.2/30.0
• ARV discount +7.5/15.0
• DSCR +5.0/10.0
• 1% rule +3.8/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Looking for an investment property already cash flowing? This 3 bed 2 bath home has a tenant in place with a 2year lease in place. Take ownership and start collecting income immediately.

Key facts

• 6,000 sq ft lot
• 2 parking spots
• Built 1956

Property features AI

Finance

• Other: Property located in Metropolis township and corporate limits; Possession subject to tenant's rights; Directions: From US-45 N, turn right onto E 7th and go about 0.4 miles; house will be on the left
• HOA & community: No master association fee required

Exterior

• Parking: 2 parking spaces (total)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; Fee simple ownership; Built before 1978
• Construction: Wood siding; House is approximately 61–70 years old; Not rebuilt or rehabbed
• Exterior features: Lot dimensions approximately 50 x 120; Lot smaller than 0.25 acre

Interior

• Kitchen: Kitchen (main level, about 10 x 14)
• Bedrooms: 3 bedrooms total; Master bedroom (main level, about 12 x 16); Two additional bedrooms on main level (each about 10 x 12)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: 6 total rooms; Living room (main level); Family room; Dining room (main level, about 10 x 12); Laundry room
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $135k.

Deal economics

• At list price, monthly cash flow is $71 ($848/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $118k (12.2% below list).
• Recommended offer: $118k (12.2% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 5.3% in Metropolis — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#217 in IL, #4,091 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F, employment D-.
• Massac UD 1 (rural): math 24% / reading 28% proficiency, ranked #318 of 620 in IL (top 51%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Metropolis Elem School (math 11% / reading 15%, grade F, #1,362 of 2,056 statewide, top 66%, 484 students, 0% FRL); Massac Jr High School (math 25% / reading 36%, grade F, #241 of 665 statewide, top 37%, 244 students, 0% FRL); Massac County High School (math 12% / reading 27%, grade F, #397 of 693 statewide, top 61%, 583 students, 0% FRL) — zoned schools average 0% FRL vs 52% district-wide (52 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 72 active listings in the ZIP; 5 units permitted in Massac County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Massac County population projected at -28% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $42k; list at $135k implies a 221% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,496 (12.2% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.88% ✗
• Cap rate: 6.92%
• Cash-on-cash: 2.25%
• DSCR: 1.10
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -12.8%
• Equity multiple: 0.54×
• Total profit: $-17,382
• Equity at exit: $20,114

10-year hold

• IRR: -3.8%
• Equity multiple: 0.75×
• Total profit: $-9,435
• Equity at exit: $11,664

Cash invested: $37,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 62960

• Home prices YoY: -19.6%
• Active inventory: 72
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,185 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$102 /mo · $1,222/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $71

Break-even live

Break-even rent $1,096

Max offer price $134,900

Occupancy floor 89%

Sensitivity live

Price	-10% $147	-5% $109	+0% $71	+5% $32	+10% $-6
Rent	-10% $-23	-5% $24	+0% $71	+5% $117	+10% $164
Rate	-1.0pp $139	-0.5pp $105	base $71	+0.5pp $36	+1.0pp $0

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Listing history 37 events

1. 2026-06-21
   days on market $134,900 Active 40 DOM
2. 2026-06-21
   days on market $134,900 Active 39 DOM
3. 2026-06-18
   days on market $134,900 Active 37 DOM
4. 2026-06-17
   days on market $134,900 Active 36 DOM
5. 2026-06-16
   days on market $134,900 Active 35 DOM
6. 2026-06-15
   days on market $134,900 Active 34 DOM
7. 2026-06-13
   days on market $134,900 Active 32 DOM
8. 2026-06-12
   days on market $134,900 Active 31 DOM
9. 2026-06-09
   days on market $134,900 Active 28 DOM
10. 2026-06-08
    days on market $134,900 Active 27 DOM
11. 2026-06-07
    days on market $134,900 Active 26 DOM
12. 2026-06-05
    days on market $134,900 Active 24 DOM
13. 2026-06-04
    days on market $134,900 Active 22 DOM
14. 2026-06-02
    days on market $134,900 Active 21 DOM
15. 2026-06-01
    days on market $134,900 Active 20 DOM
16. 2026-05-31
    days on market $134,900 Active 19 DOM
17. 2026-05-31
    days on market $134,900 Active 18 DOM
18. 2026-05-12
    listed $134,900 Active
19. 2021-08-06
    historical
20. 2021-08-06
    historical
21. 2021-08-06
    historical
22. 2021-08-06
    historical
23. 2021-08-06
    historical
24. 2021-08-06
    historical
25. 2021-08-06
    soldstatus $42,000
26. 2021-08-06
    soldstatus $42,000
27. 2020-05-13
    listed $63,500
28. 2020-05-13
    listed $63,500
29. 2019-11-29
    historical
30. 2018-04-27
    historical
31. 2010-06-25
    historical
32. 2007-12-13
    soldstatus $35,500
33. 2007-12-13
    soldstatus $35,500
34. 2007-12-11
    listed $59,900
35. 2007-12-11
    listed $59,900
36. 2007-12-07
    soldstatus $35,500
37. 2007-12-01
    historical

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $1,222 · $102/mo
• Projected year-2 tax: $2,142 · $178/mo
• Expected delta: +$920/yr (+$77/mo · 75.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,220
• − Mortgage interest: −$7,556
• − Property taxes: −$1,222
• − Insurance: −$674
• − Repairs & maintenance: −$1,138
• − Management: −$1,138
• − Depreciation: −$3,924
• Taxable loss: −$1,433
• Est. tax savings @ 24.0%: +$344
• After-tax cash flow: $1,192/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Massac UD 1
• NCES district ID: 1725000
• Math proficiency: 24% ▼ -13.00%
• Reading proficiency: 28% ▼ -13.00%
• Median HH income: $41,431
• Composite: 22.06/100
• National rank: #8192
• State rank: #318 of 620 in IL

Livability — Metropolis

• Score: 75/100
• State rank: #217
• US rank: #4091

Category grades

Amenities B Commute F Cost of living A+ Crime B- Employment D- Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Metropolis, IL
• Population (ZIP): 10,823

Population outlook (Massac County) Hauer SSP2

• Today (2025): 13,461 people
• By 2030: 12,675 · -5.8%
• By 2040: 11,124 · -17.4%
• By 2050: 9,711 · -27.9%
• By 2075: 7,253 · -46.1%
• By 2100: 5,666 · -57.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 7% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Romanian 2% Serbian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Massac

• 2024 margin: Solid R (+48.8) · D 25.2% · R 74.0%
• 2008→2024 swing: -25.4pp toward R · 2008: -23.4pp · 2024: -48.8pp
• All cycles: 2024: R+48.8 2020: R+48.0 2016: R+49.6 2012: R+33.7 2008: R+23.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -33.38%
• Current HPI: 137.0772
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+280.0% since first listed

20 events — show timeline

• 2026-05-12 Listed $134,900 MRED as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Sold (MLS) $42,000 RMLSA as Distributed by MLS Grid
• 2021-08-06 Sold (MLS) $42,000 MRED as Distributed by MLS Grid
• 2020-05-13 Listed $63,500 RMLSA as Distributed by MLS Grid
• 2020-05-13 Listed $63,500 MRED as Distributed by MLS Grid
• 2019-11-29 Listing Removed — MRED as Distributed by MLS Grid
• 2018-04-27 Listing Removed — MRED as Distributed by MLS Grid
• 2010-06-25 Listing Removed — MRED as Distributed by MLS Grid
• 2007-12-13 Sold (MLS) $35,500 MRED as Distributed by MLS Grid
• 2007-12-13 Sold (MLS) $35,500 RMLSA as Distributed by MLS Grid
• 2007-12-11 Listed $59,900 MRED as Distributed by MLS Grid
• 2007-12-11 Listed $59,900 RMLSA as Distributed by MLS Grid
• 2007-12-07 Sold (Public Records) $35,500 Public Records
• 2007-12-01 Listing Removed — MRED as Distributed by MLS Grid

Property tax history

-2.3%/yr

Latest (2024): $1,222 · -4.5% YoY. Source: county tax records.