(Undisclosed Address)SummitIL60501
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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 Summit at (Undisclosed Address), Summit, IL, 60501 priced at $315,000 converts $3,044/mo rent into $859/mo cash flow after a $1,542/mo obligation. Total monthly income equals $3,044/mo, and annual cash flow totals $10,306/yr on $104,423 invested. Return on cash invested prints 29.78% in year one, and rental yield reads 11.6% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 156.75% and total cumulative return in cash sums $163,685. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,044/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Townhouse
Built in 2013
3,025 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60501, Summit Argo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,960 (100%) |
| Owner Occupied HU | 1,897 (47.9%) |
| Renter Occupied HU | 1,698 (42.9%) |
| Vacant Housing Units | 365 ( 9.2%) |
| Median Home Value | $246,220 |
| Average Home Value | $290,398 |
Housing Distribution
Address Breakdown
Residential
3,273
Single Family
2,759
Multi-Family
514
Businesses
323
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.