5415 May AveRichmondIL60071
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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 Richmond at 5415 May Ave, Richmond, IL, 60071 generates $2,412/mo in rent and, after a $1,147/mo payment, leaves $787/mo in cash flow. Total monthly income is $2,412/mo, and annual cash flow is $9,440/yr on $77,670 invested. Return on cash invested sits at 32.06% in year one, and rental yield is 12.35% on a $234,300 entry. Equity gained on principal adds $1,512/yr, while 5% annual appreciation builds toward $64,733 over five years. Five-year ROI reaches 169.01% and total cumulative return in cash sums $131,269. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,412/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.25 Acres 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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