16196 E 7000n RdGrant ParkIL60940
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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 Grant Park at 16196 E 7000n Rd, Grant Park, IL, 60940 earns from $2,450/mo rent with a $1,943/mo payment. Total monthly income totals $2,450/mo. ROI tracks 17.14% on current figures, and rental yield reads 7.41% at a $396,900 purchase. Equity gained on principal adds $2,561/yr, and 5% annual appreciation supports $109,656 over five years. Five-year ROI reaches 88.99% and total cumulative return in cash sums $117,087. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,450/mo property income instead of your personal income.
Single Family
Built in 1960
5.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60940, Grant Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,335 (100%) |
| Owner Occupied HU | 1,029 (77.1%) |
| Renter Occupied HU | 234 (17.5%) |
| Vacant Housing Units | 72 ( 5.4%) |
| Median Home Value | $251,741 |
| Average Home Value | $291,686 |
Housing Distribution
Address Breakdown
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
87
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Listed by: Lucille Rietveld • McColly Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12507343