16043 Tiger DrLockportIL60441
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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 Lockport at 16043 Tiger Dr, Lockport, IL, 60441 generates $1,956/mo in rent and, after a $1,346/mo payment, leaves $50/mo in cash flow. Total monthly income is $1,956/mo, and annual cash flow is $597/yr on $91,129 invested. Return on cash invested sits at 20.56% in year one, and rental yield is 8.54% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 107.34% and total cumulative return in cash sums $97,815. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,956/mo property income rather than buyer’s personal income.
Townhouse
Built in 2000
2,028 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60441, Lockport, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,170 (100%) |
| Owner Occupied HU | 11,273 (79.6%) |
| Renter Occupied HU | 2,280 (16.1%) |
| Vacant Housing Units | 617 ( 4.4%) |
| Median Home Value | $347,322 |
| Average Home Value | $382,093 |
Housing Distribution
Address Breakdown
Residential
13,319
Single Family
12,772
Multi-Family
547
Businesses
790
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