16446 Emerald 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
Investment property for sale in Harvey at 16446 Emerald Ave, Harvey, IL, 60426 uses $54,366 cash to close to unlock $1,634/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $1,274/mo, and a $803/mo payment keeps the spread at $136/mo. Purchase price stands at $163,999, and rental yield measures 9.32% with $1,274/mo rent. Return on cash invested shows 22.91% in year one, and 5% annual appreciation builds toward $45,310 over five years. Five-year ROI reaches 120.05% and total cumulative return in cash records $65,265. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,274/mo property income covering a $803/mo payment rather than investor’s personal income.
Single Family
Built in 1967
5,000 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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