10510 W Fullerton 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 10510 W Fullerton Ave, Melrose Park, IL, 60164 uses $132,567 cash to close to unlock $1,998/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $2,940/mo, and a $1,957/mo payment keeps the spread at $167/mo. Purchase price stands at $399,900, and rental yield measures 8.82% with $2,940/mo rent. Return on cash invested shows 21.42% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 111.92% and total cumulative return in cash records $148,364. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,940/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.38 Acres 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: Patrizia Vicari • Skyward Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12543261