830 Chartres StLa SalleIL61301
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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
Rental property for sale in La Salle at 830 Chartres St, La Salle, IL, 61301 offers $1,020/mo rent that, after a $925/mo payment. Total monthly income is $1,020/mo. Return on cash invested measures 14.34% in year one, and rental yield stands at 6.48% at a $189,000 entry. Equity gained on principal adds $1,220/yr while 5% annual appreciation compounds into $52,217 by year five. Five-year ROI records 74.02% and total cumulative return in cash reaches $46,378. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,020/mo property income versus a $925/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
5,106 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61301, La Salle, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,881 (100%) |
| Owner Occupied HU | 2,845 (58.3%) |
| Renter Occupied HU | 1,595 (32.7%) |
| Vacant Housing Units | 441 ( 9.0%) |
| Median Home Value | $153,067 |
| Average Home Value | $211,757 |
Housing Distribution
Address Breakdown
Residential
4,558
Single Family
4,307
Multi-Family
251
Businesses
464
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