311 W Chippewa StDwightIL60420
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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
Rental property for sale in Dwight at 311 W Chippewa St, Dwight, IL, 60420 generates $982/mo in rent and, after a $636/mo payment, leaves $81/mo in cash flow. Total monthly income is $982/mo, and annual cash flow is $969/yr on $43,062 invested. Return on cash invested sits at 22.16% in year one, and rental yield is 9.07% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 115.92% and total cumulative return in cash sums $49,915. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $982/mo property income rather than buyer’s personal income.
Single Family
Built in 1912
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60420, Dwight, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,182 (100%) |
| Owner Occupied HU | 1,402 (64.3%) |
| Renter Occupied HU | 562 (25.8%) |
| Vacant Housing Units | 218 ( 10.0%) |
| Median Home Value | $163,291 |
| Average Home Value | $187,978 |
Housing Distribution
Address Breakdown
Residential
2,090
Single Family
1,926
Multi-Family
164
Businesses
168
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