The Chestnut: 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
Investment property for sale in Frankfort at The Chestnut: Build On Your Lot Plan, Midwest Illinois: Build On Your Lot, Frankfort, IL, 60423 with 5% annual appreciation on a $358,995 basis while $3,240/mo rent supports operations. Total monthly income totals $3,240/mo and a $1,757/mo payment preserves $750/mo for cash returns. Annual cash flow comes to $9,001/yr on $119,007 deployed, and return on cash invested reaches 27.47% in year one. Equity gained on principal adds $2,317/yr, and five-year appreciation sums $99,184 alongside rental yield of 10.83%. Five-year ROI measures 144.41% and total cumulative return in cash totals $171,858.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,240/mo property income versus a $1,757/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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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