345 Front St UNIT 2209LemontIL60439
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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 Lemont at 345 Front St UNIT 2209, Lemont, IL, 60439 offers a 9.51% rental yield on a $339,900 purchase with $2,694/mo rent. Total monthly income registers $2,694/mo, and a $1,664/mo payment leaves $336/mo available for distribution. Annual cash flow reaches $4,032/yr on $112,677 to close, and return on cash invested stands at 23.49% in year one. Equity gained on principal adds $2,193/yr while 5% annual appreciation supports $93,908 over five years. Portfolio math shows five-year ROI at 123.05% and total cumulative return in cash at $138,647. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,694/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60439, Lemont, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,725 (100%) |
| Owner Occupied HU | 7,954 (81.8%) |
| Renter Occupied HU | 1,290 (13.3%) |
| Vacant Housing Units | 481 ( 4.9%) |
| Median Home Value | $463,880 |
| Average Home Value | $514,468 |
Housing Distribution
Address Breakdown
Residential
9,262
Single Family
8,782
Multi-Family
480
Businesses
685
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