16023 Carol 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
Rental property for sale in Harvey at 16023 Carol Ave, Harvey, IL, 60426 generates $2,174/mo in rent and, after a $1,015/mo payment, leaves $655/mo in cash flow. Total monthly income is $2,174/mo, and annual cash flow is $7,862/yr on $68,753 invested. Return on cash invested sits at 31.34% in year one, and rental yield is 12.58% on a $207,400 entry. Equity gained on principal adds $1,338/yr, while 5% annual appreciation builds toward $57,301 over five years. Five-year ROI reaches 165.71% and total cumulative return in cash sums $113,931. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,174/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
6,550 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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