707 Cedar Creek RdMakandaIL62958
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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 Makanda at 707 Cedar Creek Rd, Makanda, IL, 62958 earns $428/mo cash flow from $1,447/mo rent with a $719/mo payment. Total monthly income totals $1,447/mo, and annual cash flow totals $5,134/yr on $48,731 capital. ROI tracks 30.45% on current figures, and rental yield reads 11.81% at a $147,000 purchase. Equity gained on principal adds $949/yr, and 5% annual appreciation supports $40,613 over five years. Five-year ROI reaches 160.31% and total cumulative return in cash sums $78,120. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,447/mo property income instead of your personal income.
Single Family
Built in 1964
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62958, Makanda, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,058 (100%) |
| Owner Occupied HU | 754 (71.3%) |
| Renter Occupied HU | 172 (16.3%) |
| Vacant Housing Units | 132 (12.5%) |
| Median Home Value | $195,833 |
| Average Home Value | $244,290 |
Housing Distribution
Address Breakdown
Residential
1,010
Single Family
1,010
Multi-Family
0
Businesses
47
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Listed by: Colleen D Hoffmann • C21 HOUSE OF REALTY, INC. C
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB456183
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.