847 Covey LnCoal CityIL60416
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 Coal City at 847 Covey Ln, Coal City, IL, 60416 at $210,000 posts ROI 19.62% with from $1,440/mo rent. Total monthly income equals $1,440/mo. Return on cash invested measures 19.62% and rental yield reads 8.23% at the current $210,000. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 by year five. Five-year ROI prints 102.33% and total cumulative return in cash totals $71,236. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,440/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 2007
6,636 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 |
Housing Distribution
Address Breakdown
Residential
3,910
Single Family
3,858
Multi-Family
52
Businesses
256
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices