309 N Normal St

Macomb, IL 61455
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2 bd, 1 ba | 850 sqft | Built in 1924

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Sale Pending

Exclusive

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List Price
$64,900

Initial Investment

$17,685
Pre-approval letter or proof of funds required.

Purchase Price

$64,900

Down Payment

25%

Rent

$710

Total Return

$16,079

Annualized Return

14.1%

Cap Rate

6.4%

Gross Yield

13.1%

Cash Flow

$169

Appreciation

4.2%
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Features

Occupancy

Occupied

Lease Start

02/01/2022

Lease End

07/31/2023

Lot Size

9,598

HOA

None

Flood Risk

Not Required

  • Seller has owned the home for 15 years and has rarely needed to advertise for renters
  • The property is less than a block from the Western Illinois University campus
  • Detached garage plus plenty of parking
  • Appliances included: washer, dryer, refrigerator, stove and window air conditioners
  • 2-bed, 1-bath home leased through 7/31/2023

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Annual Financial Highlights

Expected Rent

$8,094

Expenses

-$2,397

Property Taxes

-$2,000

Loan Payments

-$3,528

Net Cash Flow

$169

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Property Characteristics

Roofstock Exclusive

Listed directly by the seller, Exclusive properties are only available through Roofstock.
  • These properties' Diligence Documents include one or more of these documents: inspection report, title search, rent history if occupied.
  • If the home is non-certified and the posted inspection is more than 3 months old, an inspection contingency will apply.
  • The seller will be represented by a Roofstock-affiliated broker and Roofstock will walk the buyer through the transaction.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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