9417 W Steger RdFrankfortIL60423
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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 Frankfort at 9417 W Steger Rd, Frankfort, IL, 60423 uses $287,875 cash to close to unlock $690/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $6,127/mo, and a $4,283/mo payment keeps the spread at $58/mo. Purchase price stands at $875,000, and rental yield measures 8.4% with $6,127/mo rent. Return on cash invested shows 20.3% in year one, and 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 105.89% and total cumulative return in cash records $304,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,127/mo property income covering a $4,283/mo payment rather than investor’s personal income.
Single Family
Built in 1988
5.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60423, Frankfort, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,966 (100%) |
| Owner Occupied HU | 10,893 (91.0%) |
| Renter Occupied HU | 765 ( 6.4%) |
| Vacant Housing Units | 308 ( 2.6%) |
| Median Home Value | $435,149 |
| Average Home Value | $465,140 |
Housing Distribution
Address Breakdown
Residential
11,840
Single Family
11,488
Multi-Family
352
Businesses
1,327
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