499 E 3050th AveRamseyIL62080
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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 Ramsey at 499 E 3050th Ave, Ramsey, IL, 62080 uses $54,698 cash to close to unlock $1,129/yr annual cash flow and $94/mo monthly cash flow. Total monthly income runs $1,239/mo, and a $808/mo payment keeps the spread at $94/mo. Purchase price stands at $165,000, and rental yield measures 9.01% with $1,239/mo rent. Return on cash invested shows 21.97% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 114.98% and total cumulative return in cash records $62,891. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,239/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1964
7.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62080, Ramsey, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 881 (76.0%) |
| Renter Occupied HU | 144 (12.4%) |
| Vacant Housing Units | 134 (11.6%) |
| Median Home Value | $146,516 |
| Average Home Value | $200,826 |
Housing Distribution
Address Breakdown
Residential
921
Single Family
921
Multi-Family
0
Businesses
37
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