21 Butler 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 21 Butler Ln, Makanda, IL, 62958 offers $1,733/mo rent that, after a $1,096/mo payment, leaves $180/mo cash flow. Total monthly income is $1,733/mo, and annual cash flow is $2,156/yr on $74,256 cash. Return on cash invested measures 22.81% in year one, and rental yield stands at 9.28% at a $224,000 entry. Equity gained on principal adds $1,445/yr while 5% annual appreciation compounds into $61,887 by year five. Five-year ROI records 119.4% and total cumulative return in cash reaches $88,663. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,733/mo property income versus a $1,096/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
1.02 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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