3125 W Whipple DrMerrionette ParkIL60803
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 Merrionette Park at 3125 W Whipple Dr, Merrionette Park, IL, 60803 uses $108,732 cash to close to unlock $940/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $2,353/mo, and a $1,605/mo payment keeps the spread at $78/mo. Purchase price stands at $328,000, and rental yield measures 8.61% with $2,353/mo rent. Return on cash invested shows 20.77% in year one, and 5% annual appreciation builds toward $90,620 over five years. Five-year ROI reaches 108.48% and total cumulative return in cash records $117,955. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,353/mo property income covering a $1,605/mo payment rather than investor’s personal income.
Single Family
Built in 1952
6,323 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60803, Alsip, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,906 (100%) |
| Owner Occupied HU | 6,118 (61.8%) |
| Renter Occupied HU | 3,266 (33.0%) |
| Vacant Housing Units | 522 ( 5.3%) |
| Median Home Value | $229,111 |
| Average Home Value | $231,639 |
Housing Distribution
Address Breakdown
Residential
9,201
Single Family
5,739
Multi-Family
3,462
Businesses
810
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Scanlon • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12508794