1308 Meadowlark LnMacombIL61455
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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 Macomb at 1308 Meadowlark Ln, Macomb, IL, 61455 with 5% annual appreciation on a $150,000 basis while $1,444/mo rent supports operations. Total monthly income totals $1,444/mo and a $734/mo payment preserves $242/mo for cash returns. Annual cash flow comes to $2,901/yr on $49,725 deployed, and return on cash invested reaches 25.74% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 11.55%. Five-year ROI measures 136.55% and total cumulative return in cash totals $67,902.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,444/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2014
3,528 sqft lot
$N/A/sqft
$162 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61455, Macomb, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,957 (100%) |
| Owner Occupied HU | 3,954 (44.1%) |
| Renter Occupied HU | 3,307 (36.9%) |
| Vacant Housing Units | 1,696 (18.9%) |
| Median Home Value | $134,948 |
| Average Home Value | $176,315 |
Housing Distribution
Address Breakdown
Residential
7,967
Single Family
7,342
Multi-Family
625
Businesses
763
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Listed by: Lorraine Epperson • C21 Purdum-Epperson Inc
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1257486
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.