15018 Myrtle AveHarveyIL60426
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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 Harvey at 15018 Myrtle Ave, Harvey, IL, 60426 uses $46,410 cash to close to unlock $1,718/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $1,114/mo, and a $685/mo payment keeps the spread at $143/mo. Purchase price stands at $140,000, and rental yield measures 9.55% with $1,114/mo rent. Return on cash invested shows 23.61% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 123.75% and total cumulative return in cash records $57,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,114/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60426, Harvey, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,227 (100%) |
| Owner Occupied HU | 4,732 (46.3%) |
| Renter Occupied HU | 3,799 (37.1%) |
| Vacant Housing Units | 1,696 (16.6%) |
| Median Home Value | $95,319 |
| Average Home Value | $144,620 |
Housing Distribution
Address Breakdown
Residential
8,363
Single Family
7,626
Multi-Family
737
Businesses
647
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