7 Highland StCalumet 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 7 Highland St, Calumet City, IL, 60409 priced at $149,900 pairs $1,188/mo rent with $148/mo cash flow after a $734/mo payment. Total monthly income equals $1,188/mo, and annual cash flow comes to $1,775/yr on $49,692 invested. Return on cash invested is 23.48% in year one, and rental yield stands at 9.51% on a $149,900 basis. Equity gained on principal adds $967/yr, and 5% annual appreciation accumulates to $41,415 by year five. Five-year ROI measures 122.99% and total cumulative return in cash reaches $61,115. For financing, Ziffy Mortgage’s DSCR program evaluates $1,188/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1917
5,148 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: Patty Guerra, SRES • Turn Key Realty Solutions
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12530632