1120 S Hamilton StLockportIL60441
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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 Lockport at 1120 S Hamilton St, Lockport, IL, 60441 generates $3,334/mo in rent and, after a $2,149/mo payment, leaves $289/mo in cash flow. Total monthly income is $3,334/mo, and annual cash flow is $3,464/yr on $145,529 invested. Return on cash invested sits at 22.29% in year one, and rental yield is 9.11% on a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 116.58% and total cumulative return in cash sums $169,664. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,334/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60441, Lockport, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,170 (100%) |
| Owner Occupied HU | 11,273 (79.6%) |
| Renter Occupied HU | 2,280 (16.1%) |
| Vacant Housing Units | 617 ( 4.4%) |
| Median Home Value | $347,322 |
| Average Home Value | $382,093 |
Housing Distribution
Address Breakdown
Residential
13,319
Single Family
12,772
Multi-Family
547
Businesses
790
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