562 Harrison AveCalumet CityIL60409
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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 Calumet City at 562 Harrison Ave, Calumet City, IL, 60409 listed at $156,900 pairs $2,297/mo rent with a $768/mo payment to leave $1,209/mo cash flow. Total monthly income runs $2,297/mo, and annual cash flow reaches $14,504/yr on $52,012 cash to close. Return on cash invested measures 47.79% in year one, and rental yield registers 17.57% at a $156,900 basis. Equity gained on principal adds $1,012/yr, and annual property appreciation at 5% supports $43,349 by year five. Five-year ROI tracks 253.39% and total cumulative return in cash totals $131,796. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,297/mo property income relative to a $768/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
3,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60409, Calumet City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,591 (100%) |
| Owner Occupied HU | 7,702 (49.4%) |
| Renter Occupied HU | 6,094 (39.1%) |
| Vacant Housing Units | 1,795 (11.5%) |
| Median Home Value | $144,203 |
| Average Home Value | $224,136 |
Housing Distribution
Address Breakdown
Residential
14,273
Single Family
9,904
Multi-Family
4,369
Businesses
874
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