975 S Laura LnDiamondIL60416
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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
Rental property for sale in Diamond at 975 S Laura Ln, Diamond, IL, 60416 generates $3,558/mo in rent and, after a $1,970/mo payment, leaves $766/mo in cash flow. Total monthly income is $3,558/mo, and annual cash flow is $9,195/yr on $133,429 invested. Return on cash invested sits at 26.8% in year one, and rental yield is 10.61% on a $402,500 entry. Equity gained on principal adds $2,597/yr, while 5% annual appreciation builds toward $111,203 over five years. Five-year ROI reaches 140.8% and total cumulative return in cash sums $187,869. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,558/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.29 Acres 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
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