3757 N State Route 71SheridanIL60551
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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 Sheridan at 3757 N State Route 71, Sheridan, IL, 60551 uses $89,472 cash to close to unlock $155/yr annual cash flow and $13/mo monthly cash flow. Total monthly income runs $1,885/mo, and a $1,321/mo payment keeps the spread at $13/mo. Purchase price stands at $269,900, and rental yield measures 8.38% with $1,885/mo rent. Return on cash invested shows 20.08% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 104.74% and total cumulative return in cash records $93,714. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,885/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60551, Sheridan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,536 (100%) |
| Owner Occupied HU | 1,186 (77.2%) |
| Renter Occupied HU | 231 (15.0%) |
| Vacant Housing Units | 119 ( 7.7%) |
| Median Home Value | $283,659 |
| Average Home Value | $309,030 |
Housing Distribution
Address Breakdown
Residential
1,167
Single Family
1,167
Multi-Family
0
Businesses
65
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