1503 Joyce LnMacombIL61455
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1503 Joyce Ln, Macomb, IL, 61455 at $193,000 posts ROI 50.99% with $1,657/mo cash flow from $2,996/mo rent. Total monthly income equals $2,996/mo, and annual cash flow records $19,883/yr on $63,980 to close. Return on cash invested measures 50.99% and rental yield reads 18.63% at the current $193,000. Equity gained on principal adds $1,245/yr, and 5% annual appreciation supports $53,322 by year five. Five-year ROI prints 270.47% and total cumulative return in cash totals $173,046.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,996/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1968
N/A lot
$N/A/sqft
No 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: Steve Silberer • C21 Purdum-Epperson Inc
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1252190
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.