804 Mackinaw AveCalumet CityIL60409
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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 Calumet City at 804 Mackinaw Ave, Calumet City, IL, 60409 uses $65,969 cash to close to unlock $7,196/yr annual cash flow and $600/mo monthly cash flow. Total monthly income runs $1,980/mo, and a $974/mo payment keeps the spread at $600/mo. Purchase price stands at $199,000, and rental yield measures 11.94% with $1,980/mo rent. Return on cash invested shows 30.82% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 162.32% and total cumulative return in cash records $107,082. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $974/mo payment rather than investor’s personal income.
Multi Family
Built in 1986
1,742 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: Jennifer Brooks, ABR • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12512675