8438 Mitchell RdMachesney 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 8438 Mitchell Rd, Machesney Park, IL, 61115 offers $2,606/mo rent that, after a $1,566/mo payment, leaves $387/mo cash flow. Total monthly income is $2,606/mo, and annual cash flow is $4,640/yr on $106,080 cash. Return on cash invested measures 24.28% in year one, and rental yield stands at 9.77% at a $320,000 entry. Equity gained on principal adds $2,065/yr while 5% annual appreciation compounds into $88,410 by year five. Five-year ROI records 127.28% and total cumulative return in cash reaches $135,015. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,606/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
9,583 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: Cassandra Hoch • Key Realty, Inc
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202501567
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.