1860 Mayfield RdChathamIL62629
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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 Chatham at 1860 Mayfield Rd, Chatham, IL, 62629 generates $1,973/mo in rent, after a $1,561/mo payment. Total monthly income is $1,973/mo. Return on cash invested sits at 17.19% in year one, and rental yield is 7.42% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 89.27% and total cumulative return in cash sums $94,405. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,973/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62629, Chatham, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,305 (100%) |
| Owner Occupied HU | 4,641 (73.6%) |
| Renter Occupied HU | 1,202 (19.1%) |
| Vacant Housing Units | 462 ( 7.3%) |
| Median Home Value | $260,971 |
| Average Home Value | $279,718 |
Housing Distribution
Address Breakdown
Residential
6,294
Single Family
6,080
Multi-Family
214
Businesses
271
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Listed by: Jane Hay • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1037587
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.