10901 Lyman AveChicago 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
Rental property for sale in Chicago Ridge at 10901 Lyman Ave, Chicago Ridge, IL, 60415 generates $1,799/mo in rent, after a $1,321/mo payment. Total monthly income is $1,799/mo. Return on cash invested sits at 18.93% in year one, and rental yield is 8% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 98.56% and total cumulative return in cash sums $88,182. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,799/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
7,971 sqft 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: Virginia Jackson • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12439138