341 Saginaw AveCalumet CityIL60409
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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
Rental property for sale in Calumet City at 341 Saginaw Ave, Calumet City, IL, 60409 offers $1,257/mo rent that, after a $808/mo payment, leaves $112/mo cash flow. Total monthly income is $1,257/mo, and annual cash flow is $1,345/yr on $54,698 cash. Return on cash invested measures 22.37% in year one, and rental yield stands at 9.14% at a $165,000 entry. Equity gained on principal adds $1,065/yr while 5% annual appreciation compounds into $45,586 by year five. Five-year ROI records 117.11% and total cumulative return in cash reaches $64,055. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,257/mo property income versus a $808/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
5,360 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60409, Calumet City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,591 (100%) |
| Owner Occupied HU | 7,702 (49.4%) |
| Renter Occupied HU | 6,094 (39.1%) |
| Vacant Housing Units | 1,795 (11.5%) |
| Median Home Value | $144,203 |
| Average Home Value | $224,136 |
Housing Distribution
Address Breakdown
Residential
14,273
Single Family
9,904
Multi-Family
4,369
Businesses
874
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Nearby investment properties with comparable prices
Listed by: Larita Thomas • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12427760