304 N Main StMc 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 304 N Main St, Mc Lean, IL, 61754 at $130,000 posts ROI 33.4% with $485/mo cash flow from $1,386/mo rent. Total monthly income equals $1,386/mo, and annual cash flow records $5,815/yr on $43,095 to close. Return on cash invested measures 33.4% and rental yield reads 12.79% at the current $130,000. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 by year five. Five-year ROI prints 176.24% and total cumulative return in cash totals $75,951.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,386/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1971
0.69 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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