320 Garfield AveNew LenoxIL60451
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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 New Lenox at 320 Garfield Ave, New Lenox, IL, 60451 generates $3,311/mo in rent and, after a $1,811/mo payment, leaves $745/mo in cash flow. Total monthly income is $3,311/mo, and annual cash flow is $8,935/yr on $122,655 invested. Return on cash invested sits at 27.19% in year one, and rental yield is 10.74% on a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 142.89% and total cumulative return in cash sums $175,265. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,311/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60451, New Lenox, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,629 (100%) |
| Owner Occupied HU | 12,081 (88.6%) |
| Renter Occupied HU | 1,087 ( 8.0%) |
| Vacant Housing Units | 461 ( 3.4%) |
| Median Home Value | $392,998 |
| Average Home Value | $431,186 |
Housing Distribution
Address Breakdown
Residential
13,287
Single Family
12,847
Multi-Family
440
Businesses
1,182
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