415 E Spruce StChathamIL62629
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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 Chatham at 415 E Spruce St, Chatham, IL, 62629 uses $62,952 cash to close to unlock $5,559/yr annual cash flow and $463/mo monthly cash flow. Total monthly income runs $1,780/mo, and a $929/mo payment keeps the spread at $463/mo. Purchase price stands at $189,900, and rental yield measures 11.25% with $1,780/mo rent. Return on cash invested shows 28.74% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 151.25% and total cumulative return in cash records $95,213. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,780/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1965
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62629, Chatham, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,305 (100%) |
| Owner Occupied HU | 4,641 (73.6%) |
| Renter Occupied HU | 1,202 (19.1%) |
| Vacant Housing Units | 462 ( 7.3%) |
| Median Home Value | $260,971 |
| Average Home Value | $279,718 |
Housing Distribution
Address Breakdown
Residential
6,294
Single Family
6,080
Multi-Family
214
Businesses
271
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