305 W Park AveSheridanIL60551
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 Sheridan at 305 W Park Ave, Sheridan, IL, 60551 offers a 9.12% rental yield on a $199,999 purchase with $1,520/mo rent. Total monthly income registers $1,520/mo, and a $979/mo payment leaves $133/mo available for distribution. Annual cash flow reaches $1,592/yr on $66,300 to close, and return on cash invested stands at 22.31% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 116.7% and total cumulative return in cash at $77,372. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,520/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60551, Sheridan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,536 (100%) |
| Owner Occupied HU | 1,186 (77.2%) |
| Renter Occupied HU | 231 (15.0%) |
| Vacant Housing Units | 119 ( 7.7%) |
| Median Home Value | $283,659 |
| Average Home Value | $309,030 |
Housing Distribution
Address Breakdown
Residential
1,167
Single Family
1,167
Multi-Family
0
Businesses
65
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