2243 Spruce RdHomewoodIL60430
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 Homewood at 2243 Spruce Rd, Homewood, IL, 60430 generates $1,550/mo in rent and, after a $1,076/mo payment, leaves $25/mo in cash flow. Total monthly income is $1,550/mo, and annual cash flow is $300/yr on $72,897 invested. Return on cash invested sits at 20.32% in year one, and rental yield is 8.46% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 106.1% and total cumulative return in cash sums $77,344. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,550/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices