455 S Essex StLelandIL60531
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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 Leland at 455 S Essex St, Leland, IL, 60531 generates $2,106/mo in rent and, after a $951/mo payment, leaves $694/mo in cash flow. Total monthly income is $2,106/mo, and annual cash flow is $8,329/yr on $64,444 invested. Return on cash invested sits at 32.83% in year one, and rental yield is 13% on a $194,400 entry. Equity gained on principal adds $1,254/yr, while 5% annual appreciation builds toward $53,709 over five years. Five-year ROI reaches 173.64% and total cumulative return in cash sums $111,902. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,106/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60531, Leland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 779 (100%) |
| Owner Occupied HU | 597 (76.6%) |
| Renter Occupied HU | 133 (17.1%) |
| Vacant Housing Units | 49 ( 6.3%) |
| Median Home Value | $262,885 |
| Average Home Value | $279,958 |
Housing Distribution
Address Breakdown
Residential
560
Single Family
560
Multi-Family
0
Businesses
41
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