702 S D StHammondIL61929
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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 Hammond at 702 S D St, Hammond, IL, 61929 generates $1,001/mo in rent and, after a $627/mo payment, leaves $114/mo in cash flow. Total monthly income is $1,001/mo, and annual cash flow is $1,364/yr on $42,432 invested. Return on cash invested sits at 23.12% in year one, and rental yield is 9.38% on a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation builds toward $35,364 over five years. Five-year ROI reaches 121.09% and total cumulative return in cash sums $51,383. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,001/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61929, Hammond, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 355 (100%) |
| Owner Occupied HU | 240 (67.6%) |
| Renter Occupied HU | 86 (24.2%) |
| Vacant Housing Units | 29 ( 8.2%) |
| Median Home Value | $152,500 |
| Average Home Value | $172,802 |
Housing Distribution
Address Breakdown
Residential
247
Single Family
247
Multi-Family
0
Businesses
16
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