2988 N 400 East RdMc LeanIL61754
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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 Mc Lean at 2988 N 400 East Rd, Mc Lean, IL, 61754 offers a 4.13% rental yield on a $1,150,000 purchase with $3,958/mo rent. 43% in year one. Equity gained on principal adds $7,421/yr while 5% annual appreciation supports $317,724 over five years. Portfolio math shows five-year ROI at 36.82% and total cumulative return in cash at $137,193. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,958/mo property income against a $5,629/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
4.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61754, Mc Lean, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 523 (100%) |
| Owner Occupied HU | 410 (78.4%) |
| Renter Occupied HU | 73 (14.0%) |
| Vacant Housing Units | 40 ( 7.6%) |
| Median Home Value | $196,341 |
| Average Home Value | $217,476 |
Housing Distribution
Address Breakdown
Residential
323
Single Family
323
Multi-Family
0
Businesses
40
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