2249 Makanda 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
Rental property for sale in Makanda at 2249 Makanda Rd, Makanda, IL, 62958 priced at $175,000 converts $1,320/mo rent into $16/mo cash flow after a $857/mo obligation. Total monthly income equals $1,320/mo, and annual cash flow totals $198/yr on $58,013 invested. Return on cash invested prints 20.25% in year one, and rental yield reads 9.05% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 106.38% and total cumulative return in cash sums $61,711. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,320/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1903
1.10 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: Kathy C Riggio • C21 HOUSE OF REALTY, INC. CD
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB455788
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