The Jameson: 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 Jameson: Build On Your Lot Plan, Midwest Illinois: Build On Your Lot, Frankfort, IL, 60423 priced at $305,565 converts $3,240/mo rent into $1,120/mo cash flow after a $1,496/mo obligation. Total monthly income equals $3,240/mo, and annual cash flow totals $13,442/yr on $101,295 invested. Return on cash invested prints 33.18% in year one, and rental yield reads 12.72% against a $305,565 entry. Equity gained on principal adds $1,972/yr, while 5% annual appreciation compiles into $84,422 by year five. Five-year ROI reaches 175.02% and total cumulative return in cash sums $177,283. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,240/mo property income covering a $1,496/mo payment, not borrower’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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