8872 E 7000n RdGrant ParkIL60940
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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
Investment property for sale in Grant Park at 8872 E 7000n Rd, Grant Park, IL, 60940 listed at $489,900 pairs $1,080/mo rent with a $2,398/mo payment. Total monthly income runs $1,080/mo. Return on cash invested measures 2.78% in year one, and rental yield registers 2.65% at a $489,900 basis. Equity gained on principal adds $3,161/yr, and annual property appreciation at 5% supports $135,350 by year five. Five-year ROI tracks 11.96% and total cumulative return in cash totals $19,421. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,080/mo property income relative to a $2,398/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
2.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60940, Grant Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,335 (100%) |
| Owner Occupied HU | 1,029 (77.1%) |
| Renter Occupied HU | 234 (17.5%) |
| Vacant Housing Units | 72 ( 5.4%) |
| Median Home Value | $251,741 |
| Average Home Value | $291,686 |
Housing Distribution
Address Breakdown
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
87
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Listed by: Leanne Provost, ABR,CRS,PSA,SRES • Berkshire Hathaway HomeServices Speckman Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12536357