703 Yates AveRomeovilleIL60446
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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 Romeoville at 703 Yates Ave, Romeoville, IL, 60446 offers $2,228/mo rent that, after a $1,399/mo payment, leaves $245/mo cash flow. Total monthly income is $2,228/mo, and annual cash flow is $2,943/yr on $94,776 cash. Return on cash invested measures 23.01% in year one, and rental yield stands at 9.35% at a $285,900 entry. Equity gained on principal adds $1,845/yr while 5% annual appreciation compounds into $78,989 by year five. Five-year ROI records 120.51% and total cumulative return in cash reaches $114,217. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,228/mo property income versus a $1,399/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60446, Romeoville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,008 (100%) |
| Owner Occupied HU | 10,648 (76.0%) |
| Renter Occupied HU | 2,846 (20.3%) |
| Vacant Housing Units | 514 ( 3.7%) |
| Median Home Value | $277,791 |
| Average Home Value | $300,502 |
Housing Distribution
Address Breakdown
Residential
14,084
Single Family
12,332
Multi-Family
1,752
Businesses
922
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Listed by: Renata Kaleciak • Realty One Group Heartland
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12524207