1945 High StBlue IslandIL60406
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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 Blue Island at 1945 High St, Blue Island, IL, 60406 offers a 8.44% rental yield on a $285,000 purchase with $2,005/mo rent. Total monthly income registers $2,005/mo, and a $1,395/mo payment leaves $28/mo available for distribution. Annual cash flow reaches $337/yr on $94,478 to close, and return on cash invested stands at 20.27% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 105.78% and total cumulative return in cash at $99,942. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,005/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
3,375 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60406, Blue Island, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,881 (100%) |
| Owner Occupied HU | 4,492 (45.5%) |
| Renter Occupied HU | 4,125 (41.7%) |
| Vacant Housing Units | 1,264 (12.8%) |
| Median Home Value | $174,880 |
| Average Home Value | $200,210 |
Housing Distribution
Address Breakdown
Residential
8,468
Single Family
6,668
Multi-Family
1,800
Businesses
608
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Listed by: John Litrenta • Redfin Corporation
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12440258