306 E Madison StMackinawIL61755
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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 Mackinaw at 306 E Madison St, Mackinaw, IL, 61755 uses $62,952 cash to close to unlock $3,471/yr annual cash flow and $289/mo monthly cash flow. Total monthly income runs $1,606/mo, and a $929/mo payment keeps the spread at $289/mo. Purchase price stands at $189,900, and rental yield measures 10.15% with $1,606/mo rent. Return on cash invested shows 25.42% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 133.44% and total cumulative return in cash records $84,005. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,606/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61755, Mackinaw, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,788 (100%) |
| Owner Occupied HU | 1,427 (79.8%) |
| Renter Occupied HU | 246 (13.8%) |
| Vacant Housing Units | 115 ( 6.4%) |
| Median Home Value | $218,038 |
| Average Home Value | $242,866 |
Housing Distribution
Address Breakdown
Residential
1,462
Single Family
1,462
Multi-Family
0
Businesses
84
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