160 Cedar Crest LnMakandaIL62958
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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 Makanda at 160 Cedar Crest Ln, Makanda, IL, 62958 generates $1,337/mo in rent, after a $1,077/mo payment. Total monthly income is $1,337/mo. Return on cash invested sits at 16.8% in year one, and rental yield is 7.29% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 87.12% and total cumulative return in cash sums $63,539. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,337/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
2.25 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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Listed by: WESLEY HUMPHREY • Landmark Realty Group CD
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB457247
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.