16440 Michigan AveSouth HollandIL60473
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Nearby investment properties with comparable prices
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 South Holland at 16440 Michigan Ave, South Holland, IL, 60473 offers a 8.12% rental yield on a $230,000 purchase with $1,556/mo rent. 29% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 100.52% and total cumulative return in cash at $76,639. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,556/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
7,310 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: Laquisha Fowlkes • Real People Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12549884