403-403 E Patterson StMaltaIL60150
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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 Malta at 403-403 E Patterson St, Malta, IL, 60150 generates $0/mo in rent, after a $1,394/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -5.19% in year one, and rental yield is 0% on a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation builds toward $78,713 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60150, Malta, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 715 (100%) |
| Owner Occupied HU | 478 (66.9%) |
| Renter Occupied HU | 161 (22.5%) |
| Vacant Housing Units | 76 (10.6%) |
| Median Home Value | $224,194 |
| Average Home Value | $265,361 |
Housing Distribution
Address Breakdown
Residential
444
Single Family
444
Multi-Family
0
Businesses
28
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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Joanne Kutz • Dc Rise Real Estate
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502583
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