1515 Riverview DrMacombIL61455
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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
Rental property for sale in Macomb at 1515 Riverview Dr, Macomb, IL, 61455 offers $2,794/mo rent that, after a $685/mo payment, leaves $1,823/mo cash flow. Total monthly income is $2,794/mo, and annual cash flow is $21,880/yr on $46,377 cash. Return on cash invested measures 67.09% in year one, and rental yield stands at 23.97% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 356.9% and total cumulative return in cash reaches $165,519. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,794/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.37 Acres 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: Richard Westen • Re/Max Unified Brokers, Inc
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1248668
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.