353 Luella 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
Investment property for sale in Calumet City at 353 Luella Ave, Calumet City, IL, 60409 at $310,000 posts ROI 25.46% with $475/mo cash flow from $2,625/mo rent. Total monthly income equals $2,625/mo, and annual cash flow records $5,701/yr on $102,765 to close. Return on cash invested measures 25.46% and rental yield reads 10.16% at the current $310,000. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 by year five. Five-year ROI prints 133.61% and total cumulative return in cash totals $137,299.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,625/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1973
5,040 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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Listed by: Stephen Taylor • HomeSmart Realty Group
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12391036