15031 Hamlin 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 15031 Hamlin Ave, Midlothian, IL, 60445 uses $60,665 cash to close to unlock $1,624/yr annual cash flow and $135/mo monthly cash flow. Total monthly income runs $1,405/mo, and a $896/mo payment keeps the spread at $135/mo. Purchase price stands at $183,000, and rental yield measures 9.21% with $1,405/mo rent. Return on cash invested shows 22.59% in year one, and 5% annual appreciation builds toward $50,560 over five years. Five-year ROI reaches 118.23% and total cumulative return in cash records $71,723. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,405/mo property income covering a $896/mo payment rather than investor’s personal income.
Single Family
Built in 1930
5,280 sqft 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: Michael Scanlon • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12473967