2427 N 42nd RdSheridanIL60551
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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 Sheridan at 2427 N 42nd Rd, Sheridan, IL, 60551 offers a 8.6% rental yield on a $384,900 purchase with $2,760/mo rent. Total monthly income registers $2,760/mo, and a $1,884/mo payment leaves $90/mo available for distribution. Annual cash flow reaches $1,082/yr on $127,594 to close, and return on cash invested stands at 20.76% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,341 over five years. Portfolio math shows five-year ROI at 108.4% and total cumulative return in cash at $138,315. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60551, Sheridan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,536 (100%) |
| Owner Occupied HU | 1,186 (77.2%) |
| Renter Occupied HU | 231 (15.0%) |
| Vacant Housing Units | 119 ( 7.7%) |
| Median Home Value | $283,659 |
| Average Home Value | $309,030 |
Housing Distribution
Address Breakdown
Residential
1,167
Single Family
1,167
Multi-Family
0
Businesses
65
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