508 Cumberland DrChathamIL62629
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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 508 Cumberland Dr, Chatham, IL, 62629 uses $106,080 cash to close to unlock $51,456/yr annual cash flow and $4,288/mo monthly cash flow. Total monthly income runs $6,524/mo, and a $1,566/mo payment keeps the spread at $4,288/mo. Purchase price stands at $320,000, and rental yield measures 24.46% with $6,524/mo rent. Return on cash invested shows 68.42% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 363.98% and total cumulative return in cash records $386,115. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,524/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.31 Acres lot
$N/A/sqft
$200 annually 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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Listed by: Barbara D Endzelis • RE/MAX Professionals
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1031713
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.