988 S Spruce LnSaint AnneIL60964
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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 Saint Anne at 988 S Spruce Ln, Saint Anne, IL, 60964 listed at $115,000 pairs $867/mo rent with a $563/mo payment to leave $69/mo cash flow. Total monthly income runs $867/mo, and annual cash flow reaches $830/yr on $38,123 cash to close. Return on cash invested measures 22.09% in year one, and rental yield registers 9.05% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 115.61% and total cumulative return in cash totals $44,073. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $867/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60964, Saint Anne, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,158 (100%) |
| Owner Occupied HU | 1,606 (74.4%) |
| Renter Occupied HU | 410 (19.0%) |
| Vacant Housing Units | 142 ( 6.6%) |
| Median Home Value | $211,757 |
| Average Home Value | $242,203 |
Housing Distribution
Address Breakdown
Residential
1,840
Single Family
1,792
Multi-Family
48
Businesses
80
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Listed by: Amelia Bodie • Village Realty, Inc
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12470155