7604 N 2nd StMachesney ParkIL61115
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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 Machesney Park at 7604 N 2nd St, Machesney Park, IL, 61115 generates $2,465/mo in rent and, after a $1,346/mo payment, leaves $558/mo in cash flow. Total monthly income is $2,465/mo, and annual cash flow is $6,690/yr on $91,163 invested. Return on cash invested sits at 27.25% in year one, and rental yield is 10.76% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 143.2% and total cumulative return in cash sums $130,547. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,465/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.52 Acres 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: Miguel Lobato • Gambino Realtors
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202507431