The Brooklyn: Build On Your Lot Plan, Midwest Illinois: Build On Your LotFrankfortIL60423
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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 Frankfort at The Brooklyn: Build On Your Lot Plan, Midwest Illinois: Build On Your Lot, Frankfort, IL, 60423 generates $3,240/mo in rent and, after a $969/mo payment, leaves $1,867/mo in cash flow. Total monthly income is $3,240/mo, and annual cash flow is $22,403/yr on $65,612 invested. Return on cash invested sits at 54.05% in year one, and rental yield is 19.64% on a $197,925 entry. Equity gained on principal adds $1,277/yr, while 5% annual appreciation builds toward $54,683 over five years. Five-year ROI reaches 286.91% and total cumulative return in cash sums $188,248. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,240/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A 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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