718 Central Park AveFlossmoorIL60422
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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 Flossmoor at 718 Central Park Ave, Flossmoor, IL, 60422 uses $94,478 cash to close to unlock $73/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $1,983/mo, and a $1,395/mo payment keeps the spread at $6/mo. Purchase price stands at $285,000, and rental yield measures 8.35% with $1,983/mo rent. Return on cash invested shows 19.99% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 104.29% and total cumulative return in cash records $98,526. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,983/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60422, Flossmoor, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,782 (100%) |
| Owner Occupied HU | 3,240 (85.7%) |
| Renter Occupied HU | 344 ( 9.1%) |
| Vacant Housing Units | 198 ( 5.2%) |
| Median Home Value | $344,456 |
| Average Home Value | $372,738 |
Housing Distribution
Address Breakdown
Residential
3,684
Single Family
3,420
Multi-Family
264
Businesses
444
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