700 State StLemontIL60439
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lemont at 700 State St, Lemont, IL, 60439 offers $4,500/mo rent that, after a $2,934/mo payment, leaves $342/mo cash flow. Total monthly income is $4,500/mo, and annual cash flow is $4,104/yr on $197,236 cash. Return on cash invested measures 22.14% in year one, and rental yield stands at 9.01% at a $599,500 entry. Equity gained on principal adds $3,868/yr while 5% annual appreciation compounds into $165,631 by year five. Five-year ROI records 115.79% and total cumulative return in cash reaches $228,383. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,500/mo property income versus a $2,934/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60439, Lemont, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,725 (100%) |
| Owner Occupied HU | 7,954 (81.8%) |
| Renter Occupied HU | 1,290 (13.3%) |
| Vacant Housing Units | 481 ( 4.9%) |
| Median Home Value | $463,880 |
| Average Home Value | $514,468 |
Housing Distribution
Address Breakdown
Residential
9,262
Single Family
8,782
Multi-Family
480
Businesses
685
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