2853 Everett StBlue IslandIL60406
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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 Blue Island at 2853 Everett St, Blue Island, IL, 60406 uses $34,808 cash to close to unlock $1,279/yr annual cash flow and $107/mo monthly cash flow. Total monthly income runs $835/mo, and a $514/mo payment keeps the spread at $107/mo. Purchase price stands at $105,000, and rental yield measures 9.54% with $835/mo rent. Return on cash invested shows 23.58% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 123.56% and total cumulative return in cash records $43,010. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $835/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1919
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60406, Blue Island, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,881 (100%) |
| Owner Occupied HU | 4,492 (45.5%) |
| Renter Occupied HU | 4,125 (41.7%) |
| Vacant Housing Units | 1,264 (12.8%) |
| Median Home Value | $174,880 |
| Average Home Value | $200,210 |
Housing Distribution
Address Breakdown
Residential
8,468
Single Family
6,668
Multi-Family
1,800
Businesses
608
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Listed by: Michael Kroll • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12489917