212 N Hunt StMelvinIL60952
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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 Melvin at 212 N Hunt St, Melvin, IL, 60952 priced at $114,000 converts $911/mo rent into $120/mo cash flow after a $558/mo obligation. Total monthly income equals $911/mo, and annual cash flow totals $1,443/yr on $37,791 invested. Return on cash invested prints 23.73% in year one, and rental yield reads 9.59% against a $114,000 entry. Equity gained on principal adds $736/yr, while 5% annual appreciation compiles into $31,496 by year five. Five-year ROI reaches 124.4% and total cumulative return in cash sums $47,011. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $911/mo property income covering a $558/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60952, Melvin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 291 (100%) |
| Owner Occupied HU | 211 (72.5%) |
| Renter Occupied HU | 40 (13.7%) |
| Vacant Housing Units | 40 (13.7%) |
| Median Home Value | $100,625 |
| Average Home Value | $129,123 |
Housing Distribution
Address Breakdown
Residential
173
Single Family
173
Multi-Family
0
Businesses
13
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