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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Beecher at 1383 Somerset Dr UNIT 3, Beecher, IL, 60401 generates $2,934/mo in rent and, after a $1,216/mo payment, leaves $1,061/mo in cash flow. Total monthly income is $2,934/mo, and annual cash flow is $12,728/yr on $82,378 invested. Return on cash invested sits at 35.36% in year one, and rental yield is 14.17% on a $248,500 entry. Equity gained on principal adds $1,604/yr, while 5% annual appreciation builds toward $68,656 over five years. Five-year ROI reaches 187.49% and total cumulative return in cash sums $154,447. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,934/mo property income rather than buyer’s personal income.
Townhouse
Built in 2006
N/A lot
$N/A/sqft
$150 monthly HOA
Neighborhood data shown for ZIP Code: 60401, Beecher, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,295 (100%) |
| Owner Occupied HU | 2,731 (82.9%) |
| Renter Occupied HU | 434 (13.2%) |
| Vacant Housing Units | 130 ( 3.9%) |
| Median Home Value | $318,549 |
| Average Home Value | $347,722 |
Residential
2,586
Single Family
2,586
Multi-Family
0
Businesses
185
Date | Event | Price |
|---|---|---|
| 2024-10-04 | Listed for sale | $248,500 |
| 2024-08-06 | Contingent | $249,000 |
| 2024-07-29 | Price change | $249,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Heidi Singler • Village Realty, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12103705
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)
