1306 Highland AveLockportIL60441
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1306 Highland Ave, Lockport, IL, 60441 priced at $293,000 converts $2,550/mo rent into $487/mo cash flow after a $1,434/mo obligation. Total monthly income equals $2,550/mo, and annual cash flow totals $5,844/yr on $97,130 invested. Return on cash invested prints 25.93% in year one, and rental yield reads 10.44% against a $293,000 entry. Equity gained on principal adds $1,891/yr, while 5% annual appreciation compiles into $80,951 by year five. Five-year ROI reaches 136.27% and total cumulative return in cash sums $132,358. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,550/mo property income covering a $1,434/mo payment, not borrower’s personal income.
Single Family
Built in 1959
9,147 sqft 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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Nearby investment properties with comparable prices
Listed by: Robert Chlopek • Exit Real Estate Partners
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12327398
Disclaimer: Based on information submitted to the MLS GRID as of 2025. 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](/mls-disclaimers/#17)