298 W 16th St, Chicago Heights, IL, 60411 | $511/mo Cash Flow

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Chicago Heights at 298 W 16th St, Chicago Heights, IL, 60411 offers a 12.38% rental yield on a $151,000 purchase with $1,558/mo rent. Total monthly income registers $1,558/mo, and a $739/mo payment leaves $511/mo available for distribution. Annual cash flow reaches $6,128/yr on $50,057 to close, and return on cash invested stands at 32.15% in year one. Equity gained on principal adds $974/yr while 5% annual appreciation supports $41,719 over five years. Portfolio math shows five-year ROI at 169.5% and total cumulative return in cash at $84,848. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,558/mo property income against a $739/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1926

9,147 sqft lot

$N/A/sqft

No HOA