15976 New AveLemontIL60439
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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 Lemont at 15976 New Ave, Lemont, IL, 60439 uses $56,313 cash to close to unlock $1,610/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $1,312/mo, and a $831/mo payment keeps the spread at $134/mo. Purchase price stands at $169,873, and rental yield measures 9.27% with $1,312/mo rent. Return on cash invested shows 22.77% in year one, and 5% annual appreciation builds toward $46,933 over five years. Five-year ROI reaches 119.24% and total cumulative return in cash records $67,145. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,312/mo property income covering a $831/mo payment rather than investor’s personal income.
Single Family
Built in 1948
5,850 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60439, Lemont, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,725 (100%) |
| Owner Occupied HU | 7,954 (81.8%) |
| Renter Occupied HU | 1,290 (13.3%) |
| Vacant Housing Units | 481 ( 4.9%) |
| Median Home Value | $463,880 |
| Average Home Value | $514,468 |
Housing Distribution
Address Breakdown
Residential
9,262
Single Family
8,782
Multi-Family
480
Businesses
685
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