7458 W 64th PlSummit 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 7458 W 64th Pl, Summit Argo, IL, 60501 listed at $290,000 pairs $2,896/mo rent with a $1,419/mo payment to leave $885/mo cash flow. Total monthly income runs $2,896/mo, and annual cash flow reaches $10,619/yr on $96,135 cash to close. Return on cash invested measures 30.95% in year one, and rental yield registers 11.98% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 163.04% and total cumulative return in cash totals $156,736. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,896/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
3,005 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: Roderick Ratchford • Real People Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12431031