124 E 31st StStegerIL60475
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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 Steger at 124 E 31st St, Steger, IL, 60475 earns $1,366/mo cash flow from $2,220/mo rent with a $555/mo payment. Total monthly income totals $2,220/mo, and annual cash flow totals $16,390/yr on $37,592 capital. ROI tracks 63.51% on current figures, and rental yield reads 23.49% at a $113,400 purchase. Equity gained on principal adds $732/yr, and 5% annual appreciation supports $31,330 over five years. Five-year ROI reaches 338.43% and total cumulative return in cash sums $127,223. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,220/mo property income instead of your personal income.
Single Family
Built in 1929
3,680 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60475, Steger, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,541 (100%) |
| Owner Occupied HU | 2,467 (54.3%) |
| Renter Occupied HU | 1,684 (37.1%) |
| Vacant Housing Units | 390 ( 8.6%) |
| Median Home Value | $159,193 |
| Average Home Value | $265,384 |
Housing Distribution
Address Breakdown
Residential
4,166
Single Family
3,479
Multi-Family
687
Businesses
282
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