14944 Springfield AveMidlothianIL60445
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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 Midlothian at 14944 Springfield Ave, Midlothian, IL, 60445 offers a 8.46% rental yield on a $224,900 purchase with $1,586/mo rent. Total monthly income registers $1,586/mo, and a $1,101/mo payment leaves $26/mo available for distribution. Annual cash flow reaches $310/yr on $74,554 to close, and return on cash invested stands at 20.32% in year one. Equity gained on principal adds $1,451/yr while 5% annual appreciation supports $62,136 over five years. Portfolio math shows five-year ROI at 106.06% and total cumulative return in cash at $79,069. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,586/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60445, Midlothian, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,695 (100%) |
| Owner Occupied HU | 4,082 (71.7%) |
| Renter Occupied HU | 1,262 (22.2%) |
| Vacant Housing Units | 351 ( 6.2%) |
| Median Home Value | $225,228 |
| Average Home Value | $258,096 |
Housing Distribution
Address Breakdown
Residential
5,464
Single Family
4,582
Multi-Family
882
Businesses
324
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Listed by: Lenny Feil • Harthside Realtors, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12483274