221 Poplar Lake RdMakandaIL62958
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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 Makanda at 221 Poplar Lake Rd, Makanda, IL, 62958 offers a 6.65% rental yield on a $550,000 purchase with $3,049/mo rent. 98% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 77.39% and total cumulative return in cash at $140,038. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,049/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1996
9 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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