7634 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 7634 W 63rd Pl, Summit, IL, 60501 uses $41,438 cash to close to unlock $1,041/yr annual cash flow and $87/mo monthly cash flow. Total monthly income runs $954/mo, and a $612/mo payment keeps the spread at $87/mo. Purchase price stands at $125,000, and rental yield measures 9.16% with $954/mo rent. Return on cash invested shows 22.42% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 117.33% and total cumulative return in cash records $48,617. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $954/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1953
3,125 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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