29W239 Ray AveWest ChicagoIL60185
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
Investment Highlights
Investment property for sale in West Chicago at 29W239 Ray Ave, West Chicago, IL, 60185 uses $76,245 cash to close to unlock $677/yr annual cash flow and $56/mo monthly cash flow. Total monthly income runs $1,652/mo, and a $1,126/mo payment keeps the spread at $56/mo. Purchase price stands at $230,000, and rental yield measures 8.62% with $1,652/mo rent. Return on cash invested shows 20.8% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 108.64% and total cumulative return in cash records $82,831. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,652/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60185, West Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,468 (100%) |
| Owner Occupied HU | 8,127 (70.9%) |
| Renter Occupied HU | 2,617 (22.8%) |
| Vacant Housing Units | 724 ( 6.3%) |
| Median Home Value | $342,660 |
| Average Home Value | $378,860 |
Housing Distribution
Address Breakdown
Residential
10,918
Single Family
9,068
Multi-Family
1,850
Businesses
1,005
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly Peterson • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12451697