775 Greenbay AveCalumet CityIL60409
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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 Calumet City at 775 Greenbay Ave, Calumet City, IL, 60409 with 5% annual appreciation on a $150,000 basis while $1,155/mo rent supports operations. Total monthly income totals $1,155/mo and a $734/mo payment preserves $115/mo for cash returns. Annual cash flow comes to $1,377/yr on $49,725 deployed, and return on cash invested reaches 22.68% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 9.24%. Five-year ROI measures 118.67% and total cumulative return in cash totals $59,010.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,155/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1981
3,772 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60409, Calumet City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,591 (100%) |
| Owner Occupied HU | 7,702 (49.4%) |
| Renter Occupied HU | 6,094 (39.1%) |
| Vacant Housing Units | 1,795 (11.5%) |
| Median Home Value | $144,203 |
| Average Home Value | $224,136 |
Housing Distribution
Address Breakdown
Residential
14,273
Single Family
9,904
Multi-Family
4,369
Businesses
874
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Listed by: Shauntell Lawrence • NextHome Dream Big Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12410227