604 Exchange 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
Rental property for sale in Calumet City at 604 Exchange Ave, Calumet City, IL, 60409 priced at $225,000 converts $2,298/mo rent into $738/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,298/mo, and annual cash flow totals $8,851/yr on $74,588 invested. Return on cash invested prints 31.78% in year one, and rental yield reads 12.26% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 167.48% and total cumulative return in cash sums $124,917. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,298/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1975
5,080 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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Listed by: Anthony Johnson • Charles Rutenberg Realty of IL
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12540282