6064 S 74th CtSummit ArgoIL60501
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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 Argo at 6064 S 74th Ct, Summit Argo, IL, 60501 listed at $245,800 pairs $2,425/mo rent with a $1,203/mo payment to leave $720/mo cash flow. Total monthly income runs $2,425/mo, and annual cash flow reaches $8,642/yr on $81,483 cash to close. Return on cash invested measures 30.51% in year one, and rental yield registers 11.84% at a $245,800 basis. Equity gained on principal adds $1,586/yr, and annual property appreciation at 5% supports $67,910 by year five. Five-year ROI tracks 160.76% and total cumulative return in cash totals $130,991. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,425/mo property income relative to a $1,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1918
3,720 sqft 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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