423 N 1st StCissna ParkIL60924
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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 Cissna Park at 423 N 1st St, Cissna Park, IL, 60924 priced at $167,500 converts $0/mo rent into after a $820/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.2% in year one, and rental yield reads 0% against a $167,500 entry. Equity gained on principal adds $1,081/yr, while 5% annual appreciation compiles into $46,277 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $820/mo payment, not borrower’s personal income.
Single Family
Built in 1947
6,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60924, Cissna Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 850 (100%) |
| Owner Occupied HU | 593 (69.8%) |
| Renter Occupied HU | 150 (17.6%) |
| Vacant Housing Units | 107 (12.6%) |
| Median Home Value | $160,791 |
| Average Home Value | $172,411 |
Housing Distribution
Address Breakdown
Residential
504
Single Family
472
Multi-Family
32
Businesses
80
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Richard Smith • Smith's Real Estate Services,
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12168968
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)