16 Magnolia CtPutnamIL61560
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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 Putnam at 16 Magnolia Ct, Putnam, IL, 61560 offers a 0% rental yield on a $395,000 purchase with $0/mo rent. 7% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.53 Acres lot
$N/A/sqft
$656 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61560, Putnam, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 696 (100%) |
| Owner Occupied HU | 334 (48.0%) |
| Renter Occupied HU | 44 ( 6.3%) |
| Vacant Housing Units | 318 (45.7%) |
| Median Home Value | $263,393 |
| Average Home Value | $277,605 |
Housing Distribution
Address Breakdown
Residential
367
Single Family
367
Multi-Family
0
Businesses
11
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Listed by: James Daniels • Southwest Realty Services, Inc
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12062921
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)