9241 S Richmond AveEvergreen ParkIL60805
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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 Evergreen Park at 9241 S Richmond Ave, Evergreen Park, IL, 60805 offers a 8.61% rental yield on a $299,000 purchase with $2,145/mo rent. Total monthly income registers $2,145/mo, and a $1,463/mo payment leaves $72/mo available for distribution. Annual cash flow reaches $858/yr on $99,119 to close, and return on cash invested stands at 20.78% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 108.47% and total cumulative return in cash at $107,518. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,145/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
10,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60805, Evergreen Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,540 (100%) |
| Owner Occupied HU | 5,994 (79.5%) |
| Renter Occupied HU | 1,170 (15.5%) |
| Vacant Housing Units | 376 ( 5.0%) |
| Median Home Value | $271,014 |
| Average Home Value | $300,057 |
Housing Distribution
Address Breakdown
Residential
7,351
Single Family
6,551
Multi-Family
800
Businesses
525
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Listed by: Mary Raffanti • Housecenter Realty,Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12484875