277 W Raye DrChicago HeightsIL60411
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 277 W Raye Dr, Chicago Heights, IL, 60411 in Chicago Heights hard to pass up. The 11.98% gross yield on a $272,000 purchase results in $2,716/mo in rent and $829/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.22). Annual cash flow of $9,948, five-year appreciation of $75,149, and $2,505/yr in equity build-up combine for a projected total cumulative return of $157,406.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 8.0% |
| Monthly Cash Flow | $829 | $300 |
City averages based on Chicago Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,716 |
| Total Monthly Debt Service | $1,778 |
| DSCR Ratio | 1.53x |
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 1959
6,481 sqft lot
$N/A/sqft
No HOA
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 1959
6,481 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dominique Morgan • Keller Williams ONEChicago
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12557616