7216 W 63rd PlSummitIL60501
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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 Summit at 7216 W 63rd Pl, Summit, IL, 60501 listed at $294,000 pairs $1,860/mo rent with a $1,439/mo payment. Total monthly income runs $1,860/mo. Return on cash invested measures 17.7% in year one, and rental yield registers 7.59% at a $294,000 basis. Equity gained on principal adds $1,897/yr, and annual property appreciation at 5% supports $81,227 by year five. Five-year ROI tracks 91.98% and total cumulative return in cash totals $89,640. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,860/mo property income relative to a $1,439/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60501, Summit Argo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,960 (100%) |
| Owner Occupied HU | 1,897 (47.9%) |
| Renter Occupied HU | 1,698 (42.9%) |
| Vacant Housing Units | 365 ( 9.2%) |
| Median Home Value | $246,220 |
| Average Home Value | $290,398 |
Housing Distribution
Address Breakdown
Residential
3,273
Single Family
2,759
Multi-Family
514
Businesses
323
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