117 E Morningside AveLombardIL60148
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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
Rental property for sale in Lombard at 117 E Morningside Ave, Lombard, IL, 60148 priced at $389,000 converts $3,815/mo rent into $1,117/mo cash flow after a $1,904/mo obligation. Total monthly income equals $3,815/mo, and annual cash flow totals $13,401/yr on $128,954 invested. Return on cash invested prints 30.3% in year one, and rental yield reads 11.77% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 159.56% and total cumulative return in cash sums $205,758. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,815/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 1949
10,554 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60148, Lombard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,872 (100%) |
| Owner Occupied HU | 15,176 (66.4%) |
| Renter Occupied HU | 6,456 (28.2%) |
| Vacant Housing Units | 1,240 ( 5.4%) |
| Median Home Value | $357,055 |
| Average Home Value | $390,991 |
Housing Distribution
Address Breakdown
Residential
22,434
Single Family
15,389
Multi-Family
7,045
Businesses
2,092
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