7311 W 58th StSummit ArgoIL60501
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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 Argo at 7311 W 58th St, Summit Argo, IL, 60501 offers a 7.2% rental yield on a $554,900 purchase with $3,330/mo rent. 65% in year one. Equity gained on principal adds $3,581/yr while 5% annual appreciation supports $153,309 over five years. Portfolio math shows five-year ROI at 86.34% and total cumulative return in cash at $157,620. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,330/mo property income against a $2,716/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
7,440 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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Listed by: Susan Miller, ABR,GRI,SRS • Ravinia Realty & Mgmt LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12507753