5311 W Mint Julip Dr APT 301AlsipIL60803
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Alsip at 5311 W Mint Julip Dr APT 301, Alsip, IL, 60803 uses $75,914 cash to close to unlock $2,897/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $1,830/mo, and a $1,121/mo payment keeps the spread at $241/mo. Purchase price stands at $229,000, and rental yield measures 9.59% with $1,830/mo rent. Return on cash invested shows 23.73% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 124.32% and total cumulative return in cash records $94,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,830/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60803, Alsip, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,906 (100%) |
| Owner Occupied HU | 6,118 (61.8%) |
| Renter Occupied HU | 3,266 (33.0%) |
| Vacant Housing Units | 522 ( 5.3%) |
| Median Home Value | $229,111 |
| Average Home Value | $231,639 |
Housing Distribution
Address Breakdown
Residential
9,201
Single Family
5,739
Multi-Family
3,462
Businesses
810
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices