6049 S 74th CtSummitIL60501
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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 Summit at 6049 S 74th Ct, Summit, IL, 60501 listed at $271,900 pairs $1,860/mo rent with a $1,331/mo payment. Total monthly income runs $1,860/mo. Return on cash invested measures 11.84% in year one, and rental yield registers 8.21% at a $271,900 basis. Equity gained on principal adds $1,755/yr, and annual property appreciation at 5% supports $75,121 by year five. Five-year ROI tracks 63.33% and total cumulative return in cash totals $57,082. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,860/mo property income relative to a $1,331/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1918
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60501, Summit Argo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,960 (100%) |
| Owner Occupied HU | 1,897 (47.9%) |
| Renter Occupied HU | 1,698 (42.9%) |
| Vacant Housing Units | 365 ( 9.2%) |
| Median Home Value | $246,220 |
| Average Home Value | $290,398 |
Housing Distribution
Address Breakdown
Residential
3,273
Single Family
2,759
Multi-Family
514
Businesses
323
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