10417 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
Investment property for sale in Melrose Park at 10417 W Palmer Ave, Melrose Park, IL, 60164 offers a 11.28% rental yield on a $306,800 purchase with $2,885/mo rent. Total monthly income registers $2,885/mo, and a $1,502/mo payment leaves $757/mo available for distribution. Annual cash flow reaches $9,079/yr on $101,704 to close, and return on cash invested stands at 28.84% in year one. Equity gained on principal adds $1,980/yr while 5% annual appreciation supports $84,763 over five years. Portfolio math shows five-year ROI at 151.71% and total cumulative return in cash at $154,295. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,885/mo property income against a $1,502/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A 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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Nearby investment properties with comparable prices
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