18461 Morris AveHomewoodIL60430
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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 Homewood at 18461 Morris Ave, Homewood, IL, 60430 offers a 8.41% rental yield on a $325,000 purchase with $2,278/mo rent. Total monthly income registers $2,278/mo, and a $1,591/mo payment leaves $23/mo available for distribution. Annual cash flow reaches $281/yr on $107,738 to close, and return on cash invested stands at 20.17% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 105.25% and total cumulative return in cash at $113,389. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,278/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1914
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60430, Homewood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,261 (100%) |
| Owner Occupied HU | 6,344 (76.8%) |
| Renter Occupied HU | 1,497 (18.1%) |
| Vacant Housing Units | 420 ( 5.1%) |
| Median Home Value | $235,144 |
| Average Home Value | $259,234 |
Housing Distribution
Address Breakdown
Residential
8,130
Single Family
6,573
Multi-Family
1,557
Businesses
927
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