515 Pershing AveMachesney ParkIL61115
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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 Machesney Park at 515 Pershing Ave, Machesney Park, IL, 61115 at $108,000 posts ROI 23.68% with $113/mo cash flow from $862/mo rent. Total monthly income equals $862/mo, and annual cash flow records $1,350/yr on $35,802 to close. Return on cash invested measures 23.68% and rental yield reads 9.58% at the current $108,000. Equity gained on principal adds $697/yr, and 5% annual appreciation supports $29,838 by year five. Five-year ROI prints 124.1% and total cumulative return in cash totals $44,432.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $862/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61115, Machesney Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,397 (100%) |
| Owner Occupied HU | 6,792 (72.3%) |
| Renter Occupied HU | 2,091 (22.3%) |
| Vacant Housing Units | 514 ( 5.5%) |
| Median Home Value | $183,819 |
| Average Home Value | $195,776 |
Housing Distribution
Address Breakdown
Residential
9,345
Single Family
9,157
Multi-Family
188
Businesses
534
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Listed by: Nicholas Carter • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202503796