3117 S Laramie Ave APT 3NCiceroIL60804
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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 Cicero at 3117 S Laramie Ave APT 3N, Cicero, IL, 60804 uses $49,062 cash to close to unlock $1,330/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $1,137/mo, and a $724/mo payment keeps the spread at $111/mo. Purchase price stands at $148,000, and rental yield measures 9.22% with $1,137/mo rent. Return on cash invested shows 22.62% in year one, and 5% annual appreciation builds toward $40,890 over five years. Five-year ROI reaches 118.38% and total cumulative return in cash records $58,082. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,137/mo property income covering a $724/mo payment rather than investor’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60804, Cicero, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,725 (100%) |
| Owner Occupied HU | 12,307 (47.8%) |
| Renter Occupied HU | 11,666 (45.3%) |
| Vacant Housing Units | 1,752 ( 6.8%) |
| Median Home Value | $252,901 |
| Average Home Value | $272,666 |
Housing Distribution
Address Breakdown
Residential
18,510
Single Family
15,203
Multi-Family
3,307
Businesses
1,216
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