16061 Wabash AveSouth HollandIL60473
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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 South Holland at 16061 Wabash Ave, South Holland, IL, 60473 generates $1,631/mo in rent and, after a $1,150/mo payment, leaves $1/mo in cash flow. Total monthly income is $1,631/mo, and annual cash flow is $14/yr on $77,903 invested. Return on cash invested sits at 19.93% in year one, and rental yield is 8.33% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 103.97% and total cumulative return in cash sums $80,992. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,631/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
7,372 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60473, South Holland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,434 (100%) |
| Owner Occupied HU | 6,386 (75.7%) |
| Renter Occupied HU | 1,568 (18.6%) |
| Vacant Housing Units | 480 ( 5.7%) |
| Median Home Value | $213,970 |
| Average Home Value | $230,422 |
Housing Distribution
Address Breakdown
Residential
7,668
Single Family
7,658
Multi-Family
10
Businesses
922
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Listed by: Eric Jackson • Kale Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12531143