804 E Garfield StWatermanIL60556
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Waterman at 804 E Garfield St, Waterman, IL, 60556 offers a 11.13% rental yield on a $329,900 purchase with $3,060/mo rent. Total monthly income registers $3,060/mo, and a $1,615/mo payment leaves $771/mo available for distribution. Annual cash flow reaches $9,257/yr on $109,362 to close, and return on cash invested stands at 28.37% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 149.23% and total cumulative return in cash at $163,203. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,060/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
8,494 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60556, Waterman, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 858 (100%) |
| Owner Occupied HU | 625 (72.8%) |
| Renter Occupied HU | 164 (19.1%) |
| Vacant Housing Units | 69 ( 8.0%) |
| Median Home Value | $262,649 |
| Average Home Value | $295,472 |
Housing Distribution
Address Breakdown
Residential
673
Single Family
648
Multi-Family
25
Businesses
55
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