3880 County Road 700 EMc LeansboroIL62859
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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 Mc Leansboro at 3880 County Road 700 E, Mc Leansboro, IL, 62859 generates $849/mo in rent and, after a $518/mo payment, leaves $115/mo in cash flow. Total monthly income is $849/mo, and annual cash flow is $1,377/yr on $35,106 invested. Return on cash invested sits at 23.83% in year one, and rental yield is 9.62% on a $105,900 entry. Equity gained on principal adds $683/yr, while 5% annual appreciation builds toward $29,258 over five years. Five-year ROI reaches 124.86% and total cumulative return in cash sums $43,832. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $849/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62859, Mc Leansboro, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,374 (100%) |
| Owner Occupied HU | 1,565 (65.9%) |
| Renter Occupied HU | 514 (21.7%) |
| Vacant Housing Units | 295 (12.4%) |
| Median Home Value | $128,272 |
| Average Home Value | $172,645 |
Housing Distribution
Address Breakdown
Residential
2,425
Single Family
2,365
Multi-Family
60
Businesses
218
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Listed by: Brittany Neal • VIP Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB458663
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.