293 W 15th StChicago HeightsIL60411
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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 Chicago Heights at 293 W 15th St, Chicago Heights, IL, 60411 uses $44,388 cash to close to unlock $1,483/yr annual cash flow and $124/mo monthly cash flow. Total monthly income runs $1,052/mo, and a $655/mo payment keeps the spread at $124/mo. Purchase price stands at $133,900, and rental yield measures 9.43% with $1,052/mo rent. Return on cash invested shows 23.25% in year one, and 5% annual appreciation builds toward $36,994 over five years. Five-year ROI reaches 121.77% and total cumulative return in cash records $54,051. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,052/mo property income covering a $655/mo payment rather than investor’s personal income.
Single Family
Built in 1916
5,000 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Steven Spratt • Pearson Realty Group
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12528305