706 Carnation LnMattesonIL60443
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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
Investment property for sale in Matteson at 706 Carnation Ln, Matteson, IL, 60443 offers a 8.25% rental yield on a $333,000 purchase with $2,289/mo rent. 68% in year one. Equity gained on principal adds $2,149/yr while 5% annual appreciation supports $92,002 over five years. Portfolio math shows five-year ROI at 102.64% and total cumulative return in cash at $113,309. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,289/mo property income against a $1,630/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
9,620 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60443, Matteson, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,437 (100%) |
| Owner Occupied HU | 6,250 (74.1%) |
| Renter Occupied HU | 1,578 (18.7%) |
| Vacant Housing Units | 609 ( 7.2%) |
| Median Home Value | $257,486 |
| Average Home Value | $258,790 |
Housing Distribution
Address Breakdown
Residential
8,057
Single Family
7,674
Multi-Family
383
Businesses
833
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