1083 Southgate RdNew LenoxIL60451
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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 New Lenox at 1083 Southgate Rd, New Lenox, IL, 60451 uses $82,544 cash to close to unlock $6,907/yr annual cash flow and $576/mo monthly cash flow. Total monthly income runs $2,518/mo, and a $1,219/mo payment keeps the spread at $576/mo. Purchase price stands at $249,000, and rental yield measures 12.13% with $2,518/mo rent. Return on cash invested shows 28.28% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 149.84% and total cumulative return in cash records $123,680. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,518/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Townhouse
Built in 1988
5,000 sqft lot
$N/A/sqft
$215 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60451, New Lenox, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,629 (100%) |
| Owner Occupied HU | 12,081 (88.6%) |
| Renter Occupied HU | 1,087 ( 8.0%) |
| Vacant Housing Units | 461 ( 3.4%) |
| Median Home Value | $392,998 |
| Average Home Value | $431,186 |
Housing Distribution
Address Breakdown
Residential
13,287
Single Family
12,847
Multi-Family
440
Businesses
1,182
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Listed by: Melissa Nowak • Ridge Realty and Assocs Inc.
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12156854
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)