10302 W Palmer AveMelrose ParkIL60164
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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 Melrose Park at 10302 W Palmer Ave, Melrose Park, IL, 60164 generates $3,752/mo in rent and, after a $2,080/mo payment, leaves $804/mo in cash flow. Total monthly income is $3,752/mo, and annual cash flow is $9,651/yr on $140,888 invested. Return on cash invested sits at 26.76% in year one, and rental yield is 10.59% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 140.58% and total cumulative return in cash sums $198,053. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,752/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60164, Melrose Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,356 (100%) |
| Owner Occupied HU | 5,078 (69.0%) |
| Renter Occupied HU | 1,787 (24.3%) |
| Vacant Housing Units | 491 ( 6.7%) |
| Median Home Value | $253,896 |
| Average Home Value | $283,058 |
Housing Distribution
Address Breakdown
Residential
7,059
Single Family
5,387
Multi-Family
1,672
Businesses
403
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Listed by: Victor Jimenez, ABR,E-PRO,PSA,RENE,SFR,SRS • Berkshire Hathaway HomeServices American Heritage
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12418671