607 N Locust StMc LeansboroIL62859
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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
Investment property for sale in Mc Leansboro at 607 N Locust St, Mc Leansboro, IL, 62859 offers a 9.78% rental yield on a $214,900 purchase with $1,752/mo rent. Total monthly income registers $1,752/mo, and a $1,052/mo payment leaves $261/mo available for distribution. Annual cash flow reaches $3,135/yr on $71,239 to close, and return on cash invested stands at 24.31% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 127.45% and total cumulative return in cash at $90,798. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,752/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
3.69 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
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Listed by: Daniel J Harshbarger • KELLER WILLIAMS PINNACLE
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB454973
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.