23 166th PlCalumet CityIL60409
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 23 166th Pl, Calumet City, IL, 60409 in Calumet City is narrow, $162/mo net on $1,334/mo rent after the $760/mo debt service, but the property operates at break-even-plus, not a loss. At $169,000 with a 9.47% yield, the long-run equity case via 5% appreciation ($46,692 over five years) and $1,557/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.76 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $75,043.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.0% |
| Monthly Cash Flow | $162 | $300 |
City averages based on Calumet City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,334 |
| Total Monthly Debt Service | $1,105 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1952
4,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60409, Calumet City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,591 (100%) |
| Owner Occupied HU | 7,702 (49.4%) |
| Renter Occupied HU | 6,094 (39.1%) |
| Vacant Housing Units | 1,795 (11.5%) |
| Median Home Value | $144,203 |
| Average Home Value | $224,136 |
Housing Distribution
Address Breakdown
Residential
14,273
Single Family
9,904
Multi-Family
4,369
Businesses
874
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
Single Family
Built in 1952
4,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60409, Calumet City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,591 (100%) |
| Owner Occupied HU | 7,702 (49.4%) |
| Renter Occupied HU | 6,094 (39.1%) |
| Vacant Housing Units | 1,795 (11.5%) |
| Median Home Value | $144,203 |
| Average Home Value | $224,136 |
Housing Distribution
Address Breakdown
Residential
14,273
Single Family
9,904
Multi-Family
4,369
Businesses
874
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Ploszay • Altura Realty Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12450822