3216 Wallace AveStegerIL60475
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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 Steger at 3216 Wallace Ave, Steger, IL, 60475 generates $1,266/mo in rent and, after a $808/mo payment, leaves $121/mo in cash flow. Total monthly income is $1,266/mo, and annual cash flow is $1,453/yr on $54,698 invested. Return on cash invested sits at 22.57% in year one, and rental yield is 9.21% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 118.16% and total cumulative return in cash sums $64,631. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,266/mo property income rather than buyer’s personal income.
Single Family
Built in 1909
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60475, Steger, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,541 (100%) |
| Owner Occupied HU | 2,467 (54.3%) |
| Renter Occupied HU | 1,684 (37.1%) |
| Vacant Housing Units | 390 ( 8.6%) |
| Median Home Value | $159,193 |
| Average Home Value | $265,384 |
Housing Distribution
Address Breakdown
Residential
4,166
Single Family
3,479
Multi-Family
687
Businesses
282
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