1183 S Scoville AveOak ParkIL60304
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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 Oak Park at 1183 S Scoville Ave, Oak Park, IL, 60304 generates $2,009/mo in rent and, after a $1,394/mo payment, leaves $33/mo in cash flow. Total monthly income is $2,009/mo, and annual cash flow is $400/yr on $94,444 invested. Return on cash invested sits at 20.33% in year one, and rental yield is 8.46% on a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 106.11% and total cumulative return in cash sums $100,211. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,009/mo property income rather than buyer’s personal income.
Single Family
Built in 1911
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60304, Oak Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,341 (100%) |
| Owner Occupied HU | 4,750 (64.7%) |
| Renter Occupied HU | 2,103 (28.6%) |
| Vacant Housing Units | 488 ( 6.6%) |
| Median Home Value | $460,565 |
| Average Home Value | $488,407 |
Housing Distribution
Address Breakdown
Residential
6,874
Single Family
4,960
Multi-Family
1,914
Businesses
487
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