1600 Cherokee RdMacombIL61455
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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 1600 Cherokee Rd, Macomb, IL, 61455 priced at $114,900 converts $1,186/mo rent into $389/mo cash flow after a $562/mo obligation. Total monthly income equals $1,186/mo, and annual cash flow totals $4,673/yr on $38,089 invested. Return on cash invested prints 32.18% in year one, and rental yield reads 12.39% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 169.69% and total cumulative return in cash sums $64,634. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,186/mo property income covering a $562/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1.15 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: Steve Silberer • C21 Purdum-Epperson Inc
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1256892
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.