1129 Cedar St APT 1BGlendale HeightsIL60139
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 Glendale Heights at 1129 Cedar St APT 1B, Glendale Heights, IL, 60139 uses $42,432 cash to close to unlock $8,069/yr annual cash flow and $672/mo monthly cash flow. Total monthly income runs $1,832/mo, and a $627/mo payment keeps the spread at $672/mo. Purchase price stands at $128,000, and rental yield measures 17.18% with $1,832/mo rent. Return on cash invested shows 38.93% in year one, and 5% annual appreciation builds toward $35,364 over five years. Five-year ROI reaches 208.62% and total cumulative return in cash records $88,523. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,832/mo property income covering a $627/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$262 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60139, Glendale Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,833 (100%) |
| Owner Occupied HU | 7,394 (62.5%) |
| Renter Occupied HU | 3,799 (32.1%) |
| Vacant Housing Units | 640 ( 5.4%) |
| Median Home Value | $268,330 |
| Average Home Value | $288,664 |
Housing Distribution
Address Breakdown
Residential
11,304
Single Family
7,755
Multi-Family
3,549
Businesses
665
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Listed by: Gabriela Rozborska • Nex-Gen Real Estate & Property Managment Co.
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12149385
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