116 S Harold AveNorthlakeIL60164
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
Rental property for sale in Northlake at 116 S Harold Ave, Northlake, IL, 60164 priced at $287,500 pairs $1,917/mo rent with after a $1,407/mo payment. Total monthly income equals $1,917/mo. Return on cash invested is 18.94% in year one, and rental yield stands at 8% on a $287,500 basis. Equity gained on principal adds $1,855/yr, and 5% annual appreciation accumulates to $79,431 by year five. Five-year ROI measures 98.67% and total cumulative return in cash reaches $94,043. For financing, Ziffy Mortgage’s DSCR program evaluates $1,917/mo property income against a $1,407/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
7,501 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices