500 Cunat BlvdRichmondIL60071
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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 Richmond at 500 Cunat Blvd, Richmond, IL, 60071 with 5% annual appreciation on a $150,900 basis while $1,552/mo rent supports operations. Total monthly income totals $1,552/mo and a $739/mo payment preserves $505/mo for cash returns. Annual cash flow comes to $6,059/yr on $50,023 deployed, and return on cash invested reaches 32.02% in year one. Equity gained on principal adds $974/yr, and five-year appreciation sums $41,691 alongside rental yield of 12.34%. Five-year ROI measures 168.79% and total cumulative return in cash totals $84,432.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,552/mo property income versus a $739/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60071, Richmond, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,809 (100%) |
| Owner Occupied HU | 1,188 (65.7%) |
| Renter Occupied HU | 498 (27.5%) |
| Vacant Housing Units | 123 ( 6.8%) |
| Median Home Value | $370,510 |
| Average Home Value | $400,069 |
Housing Distribution
Address Breakdown
Residential
1,737
Single Family
1,270
Multi-Family
467
Businesses
219
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