893 Greenbay AveCalumet CityIL60409
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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 Calumet City at 893 Greenbay Ave, Calumet City, IL, 60409 with 5% annual appreciation on a $245,000 basis while $2,108/mo rent supports operations. Total monthly income totals $2,108/mo and a $1,199/mo payment preserves $409/mo for cash returns. Annual cash flow comes to $4,905/yr on $81,218 deployed, and return on cash invested reaches 25.95% in year one. Equity gained on principal adds $1,581/yr, and five-year appreciation sums $67,689 alongside rental yield of 10.32%. Five-year ROI measures 136.21% and total cumulative return in cash totals $110,628.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,108/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1926
9,990 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: Brandon Samuels • TADD Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12556217