406 Meadow DrMacombIL61455
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
Investment Highlights
Investment property for sale in Macomb at 406 Meadow Dr, Macomb, IL, 61455 at $129,535 posts ROI 50.79% with $1,105/mo cash flow from $2,260/mo rent. Total monthly income equals $2,260/mo, and annual cash flow records $13,259/yr on $42,941 to close. Return on cash invested measures 50.79% and rental yield reads 20.94% at the current $129,535. Equity gained on principal adds $836/yr, and 5% annual appreciation supports $35,788 by year five. Five-year ROI prints 271.99% and total cumulative return in cash totals $116,797.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,260/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
0.30 Acres lot
$N/A/sqft
$310 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61455, Macomb, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,957 (100%) |
| Owner Occupied HU | 3,954 (44.1%) |
| Renter Occupied HU | 3,307 (36.9%) |
| Vacant Housing Units | 1,696 (18.9%) |
| Median Home Value | $134,948 |
| Average Home Value | $176,315 |
Housing Distribution
Address Breakdown
Residential
7,967
Single Family
7,342
Multi-Family
625
Businesses
763
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Listed by: Lorraine Epperson • C21 Purdum-Epperson Inc
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1251924
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.