623 Travers AveChicago HeightsIL60411
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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 Chicago Heights at 623 Travers Ave, Chicago Heights, IL, 60411 offers $1,349/mo rent that, after a $832/mo payment. Total monthly income is $1,349/mo. Return on cash invested measures 19.39% in year one, and rental yield stands at 9.52% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 102.57% and total cumulative return in cash reaches $57,801. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,349/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
10,358 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Lindsey Evans • Liberty Pointe Realty LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12397602
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