213 Cove DrFlossmoorIL60422
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Flossmoor at 213 Cove Dr, Flossmoor, IL, 60422 priced at $310,000 converts $3,055/mo rent into $905/mo cash flow after a $1,517/mo obligation. Total monthly income equals $3,055/mo, and annual cash flow totals $10,861/yr on $102,765 invested. Return on cash invested prints 30.48% in year one, and rental yield reads 11.83% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 160.54% and total cumulative return in cash sums $164,983. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,055/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Townhouse
Built in 1990
3,240 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60422, Flossmoor, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,782 (100%) |
| Owner Occupied HU | 3,240 (85.7%) |
| Renter Occupied HU | 344 ( 9.1%) |
| Vacant Housing Units | 198 ( 5.2%) |
| Median Home Value | $344,456 |
| Average Home Value | $372,738 |
Housing Distribution
Address Breakdown
Residential
3,684
Single Family
3,420
Multi-Family
264
Businesses
444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices