590 Exchange AveCalumet CityIL60409
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
Rental property for sale in Calumet City at 590 Exchange Ave, Calumet City, IL, 60409 offers $1,584/mo rent that, after a $1,125/mo payment. Total monthly income is $1,584/mo. Return on cash invested measures 19.75% in year one, and rental yield stands at 8.27% at a $229,900 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,517 by year five. Five-year ROI records 102.96% and total cumulative return in cash reaches $78,467. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,584/mo property income versus a $1,125/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
3,125 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jerry Goodwin • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12465418