1040 Washington Blvd APT 2Oak ParkIL60302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Oak Park at 1040 Washington Blvd APT 2, Oak Park, IL, 60302 earns $615/mo cash flow from $2,071/mo rent with a $1,027/mo payment. Total monthly income totals $2,071/mo, and annual cash flow totals $7,385/yr on $69,582 capital. ROI tracks 30.52% on current figures, and rental yield reads 11.84% at a $209,900 purchase. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 over five years. Five-year ROI reaches 160.78% and total cumulative return in cash sums $111,872. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,071/mo property income instead of your personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60302, Oak Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,205 (100%) |
| Owner Occupied HU | 8,776 (54.2%) |
| Renter Occupied HU | 5,976 (36.9%) |
| Vacant Housing Units | 1,453 ( 9.0%) |
| Median Home Value | $527,016 |
| Average Home Value | $564,863 |
Housing Distribution
Address Breakdown
Residential
15,552
Single Family
6,924
Multi-Family
8,628
Businesses
783
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices