1378 Skelcher BlvdMakandaIL62958
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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 1378 Skelcher Blvd, Makanda, IL, 62958 at $112,500 posts ROI 22.53% with $81/mo cash flow from $862/mo rent. Total monthly income equals $862/mo, and annual cash flow records $976/yr on $37,294 to close. Return on cash invested measures 22.53% and rental yield reads 9.19% at the current $112,500. Equity gained on principal adds $726/yr, and 5% annual appreciation supports $31,082 by year five. Five-year ROI prints 117.94% and total cumulative return in cash totals $43,984.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $862/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1968
0.46 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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