10512 Ridge Cove Dr APT 11CChicago RidgeIL60415
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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 Chicago Ridge at 10512 Ridge Cove Dr APT 11C, Chicago Ridge, IL, 60415 listed at $179,900 pairs $1,381/mo rent with a $881/mo payment to leave $133/mo cash flow. Total monthly income runs $1,381/mo, and annual cash flow reaches $1,592/yr on $59,637 cash to close. Return on cash invested measures 22.58% in year one, and rental yield registers 9.21% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 118.15% and total cumulative return in cash totals $70,461. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,381/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60415, Chicago Ridge, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,877 (100%) |
| Owner Occupied HU | 2,916 (49.6%) |
| Renter Occupied HU | 2,640 (44.9%) |
| Vacant Housing Units | 321 ( 5.5%) |
| Median Home Value | $239,402 |
| Average Home Value | $294,268 |
Housing Distribution
Address Breakdown
Residential
5,819
Single Family
2,127
Multi-Family
3,692
Businesses
505
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Listed by: Linda Seyller • RE/MAX 10
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12451997