981 Heritage DrMackinawIL61755
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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 Mackinaw at 981 Heritage Dr, Mackinaw, IL, 61755 generates $1,648/mo in rent, after a $1,199/mo payment. Total monthly income is $1,648/mo. Return on cash invested sits at 19.15% in year one, and rental yield is 8.07% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 99.76% and total cumulative return in cash sums $81,024. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,648/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61755, Mackinaw, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,788 (100%) |
| Owner Occupied HU | 1,427 (79.8%) |
| Renter Occupied HU | 246 (13.8%) |
| Vacant Housing Units | 115 ( 6.4%) |
| Median Home Value | $218,038 |
| Average Home Value | $242,866 |
Housing Distribution
Address Breakdown
Residential
1,462
Single Family
1,462
Multi-Family
0
Businesses
84
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