301 E Summit StMacombIL61455
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.5% yield at 301 E Summit St, Macomb, IL, 61455 in Macomb is solid, but the $668/mo payment compresses net cash flow to $22/mo at $148,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $41,028 by year five, and $1,368/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.57) without U.S. income documentation. Total projected return: $58,196.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 7.0% |
| Monthly Cash Flow | $22 | $300 |
City averages based on Macomb market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,052 |
| Total Monthly Debt Service | $971 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1920
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices