401 E Fast AveMackinawIL61755
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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 Mackinaw at 401 E Fast Ave, Mackinaw, IL, 61755 generates $992/mo in rent and, after a $612/mo payment, leaves $125/mo in cash flow. Total monthly income is $992/mo, and annual cash flow is $1,497/yr on $41,438 invested. Return on cash invested sits at 23.52% in year one, and rental yield is 9.52% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 123.23% and total cumulative return in cash sums $51,065. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $992/mo property income rather than buyer’s personal income.
Single Family
Built in 1889
0.31 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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Listed by: Candace Martin • EXP Realty, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1256471
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.