3880 County Road 700 EMc LeansboroIL62859
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 3880 County Road 700 E, Mc Leansboro, IL, 62859 in Mc Leansboro is narrow, $114/mo net on $849/mo rent after the $476/mo debt service, but the property operates at break-even-plus, not a loss. At $105,900 with a 9.62% yield, the long-run equity case via 5% appreciation ($29,258 over five years) and $975/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.78 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $47,879.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 8.5% |
| Monthly Cash Flow | $114 | $300 |
City averages based on Mc Leansboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $849 |
| Total Monthly Debt Service | $692 |
| DSCR Ratio | 1.23x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.