1201 Pine Ridge LnMakandaIL62958
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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 Makanda at 1201 Pine Ridge Ln, Makanda, IL, 62958 uses $107,738 cash to close to unlock $6,701/yr annual cash flow and $558/mo monthly cash flow. Total monthly income runs $2,813/mo, and a $1,591/mo payment keeps the spread at $558/mo. Purchase price stands at $325,000, and rental yield measures 10.39% with $2,813/mo rent. Return on cash invested shows 26.13% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 137.19% and total cumulative return in cash records $147,805. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,813/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 2021
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62958, Makanda, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,058 (100%) |
| Owner Occupied HU | 754 (71.3%) |
| Renter Occupied HU | 172 (16.3%) |
| Vacant Housing Units | 132 (12.5%) |
| Median Home Value | $195,833 |
| Average Home Value | $244,290 |
Housing Distribution
Address Breakdown
Residential
1,010
Single Family
1,010
Multi-Family
0
Businesses
47
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