409 Evergreen DrMacombIL61455
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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 Macomb at 409 Evergreen Dr, Macomb, IL, 61455 offers $1,158/mo rent that, after a $710/mo payment, leaves $102/mo cash flow. Total monthly income is $1,158/mo, and annual cash flow is $1,223/yr on $48,068 cash. Return on cash invested measures 22.45% in year one, and rental yield stands at 9.58% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 117.93% and total cumulative return in cash reaches $56,684. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,158/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
N/A lot
$N/A/sqft
$600 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: #PA1258572
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.