2876 E 950th AveEdgewoodIL62426
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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 Edgewood at 2876 E 950th Ave, Edgewood, IL, 62426 uses $36,869 cash to close to unlock $2,781/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $1,034/mo, and a $544/mo payment keeps the spread at $232/mo. Purchase price stands at $111,219, and rental yield measures 11.16% with $1,034/mo rent. Return on cash invested shows 27.45% in year one, and 5% annual appreciation builds toward $30,728 over five years. Five-year ROI reaches 144.67% and total cumulative return in cash records $53,338. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,034/mo property income covering a $544/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62426, Edgewood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 304 (76.0%) |
| Renter Occupied HU | 39 ( 9.7%) |
| Vacant Housing Units | 57 (14.2%) |
| Median Home Value | $165,686 |
| Average Home Value | $216,521 |
Housing Distribution
Address Breakdown
Residential
378
Single Family
378
Multi-Family
0
Businesses
21
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