839 Covey Ln, Coal City, IL, 60416 | 8.04% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Coal City at 839 Covey Ln, Coal City, IL, 60416 with 5% annual appreciation on a $215,000 basis while $1,440/mo rent supports operations. 05% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 8.04%. Five-year ROI measures 99.29% and total cumulative return in cash totals $70,765. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,440/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in 2005

5,530 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 60416, Coal City, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,917 (100%)
Owner Occupied HU	2,807 (71.7%)
Renter Occupied HU	922 (23.5%)
Vacant Housing Units	188 ( 4.8%)
Median Home Value	$263,882
Average Home Value	$297,838