1412 Broadway St #1412Blue IslandIL60406
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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 Blue Island at 1412 Broadway St #1412, Blue Island, IL, 60406 generates $1,623/mo in rent, after a $1,150/mo payment. Total monthly income is $1,623/mo. Return on cash invested sits at 19.8% in year one, and rental yield is 8.29% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 103.3% and total cumulative return in cash sums $80,476. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,623/mo property income rather than buyer’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60406, Blue Island, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,881 (100%) |
| Owner Occupied HU | 4,492 (45.5%) |
| Renter Occupied HU | 4,125 (41.7%) |
| Vacant Housing Units | 1,264 (12.8%) |
| Median Home Value | $174,880 |
| Average Home Value | $200,210 |
Housing Distribution
Address Breakdown
Residential
8,468
Single Family
6,668
Multi-Family
1,800
Businesses
608
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Listed by: Marcus Lambert • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12529548