3713 Dewey AveRichton ParkIL60471
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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 Richton Park at 3713 Dewey Ave, Richton Park, IL, 60471 generates $2,565/mo in rent, after a $2,143/mo payment. Total monthly income is $2,565/mo. Return on cash invested sits at 16.01% in year one, and rental yield is 7.03% on a $437,900 entry. Equity gained on principal adds $2,826/yr, while 5% annual appreciation builds toward $120,984 over five years. Five-year ROI reaches 82.89% and total cumulative return in cash sums $120,323. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,565/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
9,310 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60471, Richton Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,502 (100%) |
| Owner Occupied HU | 2,924 (53.1%) |
| Renter Occupied HU | 2,140 (38.9%) |
| Vacant Housing Units | 438 ( 8.0%) |
| Median Home Value | $221,275 |
| Average Home Value | $228,314 |
Housing Distribution
Address Breakdown
Residential
5,076
Single Family
3,766
Multi-Family
1,310
Businesses
211
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Listed by: Susan Miller, ABR,GRI,SRS • Ravinia Realty & Mgmt LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12438104