242 Tallman AveRomeovilleIL60446
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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 Romeoville at 242 Tallman Ave, Romeoville, IL, 60446 with 5% annual appreciation on a $289,900 basis while $2,029/mo rent supports operations. Total monthly income totals $2,029/mo and a $1,419/mo payment preserves $18/mo for cash returns. Annual cash flow comes to $217/yr on $96,102 deployed, and return on cash invested reaches 20.14% in year one. Equity gained on principal adds $1,871/yr, and five-year appreciation sums $80,094 alongside rental yield of 8.4%. Five-year ROI measures 105.09% and total cumulative return in cash totals $100,989.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,029/mo property income versus a $1,419/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1969
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60446, Romeoville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,008 (100%) |
| Owner Occupied HU | 10,648 (76.0%) |
| Renter Occupied HU | 2,846 (20.3%) |
| Vacant Housing Units | 514 ( 3.7%) |
| Median Home Value | $277,791 |
| Average Home Value | $300,502 |
Housing Distribution
Address Breakdown
Residential
14,084
Single Family
12,332
Multi-Family
1,752
Businesses
922
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Listed by: Cathy Litoborski • Realty Executives Elite
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12519845