2653 S Briggs StLockportIL60441
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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 Lockport at 2653 S Briggs St, Lockport, IL, 60441 uses $83,399 cash to close to unlock $31,799/yr annual cash flow and $2,650/mo monthly cash flow. Total monthly income runs $4,634/mo, and a $1,231/mo payment keeps the spread at $2,650/mo. Purchase price stands at $251,580, and rental yield measures 22.1% with $4,634/mo rent. Return on cash invested shows 58.04% in year one, and 5% annual appreciation builds toward $69,507 over five years. Five-year ROI reaches 309.53% and total cumulative return in cash records $258,146. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,634/mo property income covering a $1,231/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
9.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60441, Lockport, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,170 (100%) |
| Owner Occupied HU | 11,273 (79.6%) |
| Renter Occupied HU | 2,280 (16.1%) |
| Vacant Housing Units | 617 ( 4.4%) |
| Median Home Value | $347,322 |
| Average Home Value | $382,093 |
Housing Distribution
Address Breakdown
Residential
13,319
Single Family
12,772
Multi-Family
547
Businesses
790
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